Nickel prices grew by 8.5 percent in November continuing medium term growth. Since February, when the price of nickel reached a 13-year low, nickel prices have rebounded by 34 percent and amounted to $11,128.9/mt. The price of Nickel is the indicator of a situation in different industries such as steel and car production. Because of nickel is a very popular component of alloys. The previous year was not very calm for the nickel market. The new direction of politics in China and ecological problems in the Philippines reduced the supply of nickel. Some of the economists expect nickel deficit and high prices as a result.
Leading international agencies made the following nickel price predictions:
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