Nickel expected to in short supply in next 10 years
It was reported that the nickel will face a shortage in the next few years due to the increasing demand from the electric vehicles and the exporting ban policy from the Indonesian government.
The three-month future nickel price from London Metal Exchange (LME) was US$16,200/ton last Friday, which hit the highest record in the near 5 years and increased by over 52% compared with the end of 2018.
However, Independence Group, one of the Australian nickel mine manufactures, pointed out that the nickel supply might be short in the next 10 years, which would probably hike nickel prices. If the manufactures were unable to find out the replace material, the end-users would need to afford the expensive price.
