Understanding Nickel: Why Nickel's Price Has Soared +500%
A major short squeeze has seen the price of Nickel soar 500%+ with the London Metal Exchange (LME) halting the trade of Nickel as a result.
Nickel is a key metal with Nickel demand set to rise with increased use of Nickel in Electric Vehicle's (EV's) and with many ASX investors along with EV investors watching the Nickel price closely.
The supply chain for Nickel has been disrupted with global supply chain bottlenecks and economic sanctions bringing uncertainty globally. The Nickel market has not been immune and today we try to understand Nickel and why Nickel's price has soared +500% on the LME.
Nickel is a key component for Electric Vehicle's and ASX investors along with Nickel stock investors are observing the trends of the recent Nickel price spike after the Nickel short squeeze.
Today we discuss the Nickel price and the supply/demand dynamics for Nickel along with the broader use-cases for Nickel in EV and Lithium Ion batteries. We then discuss the Nickel short squeeze and what the Nickel trading on the LME could mean moving forward.
The following timestamps have been included to guide your viewing experience:
00:00 - Welcome
01:00 - Nickel Sector Overview
01:51 - Nickel's Use In EV Batteries
03:20 - Ukraine's Effect On The Nickel Market
04:24 - Why Nickel's Price Has Soared?
#Nickel #NickelPrice #NickelStocks
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