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Nickel Price is Rising Rapidly Due to Optimistic Demand on Electric Car

04 May 2018

Nickel, which is an essential material used in producing stainless steel, has been experiencing a sharp increase in its price during the past 2 months, this market move has been contributed by the shortfall in supplies of metals such as cobalt, copper, lithium and nickel, which are used in electric-car batteries. As more auto makers are upbeat about the future of electric vehicles, any shortfall of metals supply will slow down the production of batteries for electric vehicles.

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