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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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February 2019 | Base Metals


Nickel: Recapping the nickel bull story


Prices have pulled back after the strong run-up through January and early February. We see this as part of a natural and orderly consolidation process and could well be the precursor to another run higher, especially with LME stocks now down to five-and-a-half year lows and supply concerns lingering over Vale in the aftermath of its tailing dam disaster in Brazil. In this week’s analysis we recap the key themes in nickel’s EV bull story.

Nickel prices caught the electric vehicles (EV) bug...

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