Introduction
Nickel is an essential metal that is utilised in many different industries, such as the manufacturing of batteries, superalloys, and stainless steel. Global demand, supply, and economic considerations all affect its price. It’s critical to use trustworthy resources and tools in order to stay up to date on the most recent nickel prices in India.
CostMasters helps in Tracking Nickel Price per Kg Today in India
CostMasters was established in 2013 and it started with tracking of raw material prices including nickel prices. CostMasters helps you to track live nickel prices in India or internationally.
In the above chart, you can clearly see that nickel price per kg is clearly visible. When price touches its peak then it is mentioned as Highest in the chart. Now you can book free demo to track the nickel price per kg in in India and Internationally.
Why Prices are increasing in 2024?
Decreased in the Production
Indonesia, the world’s largest nickel producer, witnessed delays in mining approvals early this year — resulting in supply concerns and price spikes. Production cut from Australia and New Caledonia due to the low-price environment and negative margins.
Increasing Demand from China
China is a leading producer and consumer of electric vehicles (EVs). As the Chinese economy continues to grow, the demand for EVs is also rising. This surge in demand has led to increased pressure on nickel prices, as nickel is a critical component in EV batteries.
Future Nickel Price
- The nickel prices are expected to increase slowly over the time due to increasing demand from China and production cuts from the top producers.
- According to various research analysis the prices can touch 18000 USD/Tonne by end of the year
