Five times the amount of nickel will be needed to meet global demand by 2050. Don't miss out on investing in a metal that is crucial to the EV revolution!
The Investing News Network reached out to the market watchers and insiders to get their best predictions for 2024, including top stocks and trends to watch!
2024 NICKEL OUTLOOK REPORT
“Global nickel consumption is expected to increase due to recovery of the stainless steel sector and increased usage of nickel in EV batteries. Batteries now account for almost 17 percent of total nickel demand, behind stainless steel."
Ewa Manthey
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Table of Contents
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Nickel Price Update: Q1 2024 in Review
At the start of the year, experts were predicting that nickel prices would be rangebound in 2024. |
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Nickel Price Update: Q2 2024 in Review
The first quarter of the year saw the nickel price under threat from a market glut as Indonesian supply flooded the market, forcing western producers to begin cutting production amid low profitability. |
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Top 3 Canadian Nickel Stocks of 2024
After trending down in 2023, nickel prices climbed to a 10 month high in late May; however, they've since pulled back. While this environment has been tough for nickel companies, some stocks are still thriving. |
ING
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled. The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available. Prior to making any investment decision, it is recommended that readers seek advice from a qualified investment advisor.