26
Aug
14:26
NICKEL: Stainless, batteries to compete for same pricey nickel
London Metal Exchange nickel prices look to close out August roughly equal to where they began.
Behind the scenes, however, major shifts are taking place in the industry as stainless steel’s volume dominance is challenged by the rise of electric vehicles.
The LME puts cash nickel at $19,225/tonne as of 25 August, down slightly from the month’s opening price of about $19,324/t.
Both are up mightily from the New Year price of $17,344/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous