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Nickel Price is Rising Rapidly Due to Optimistic Demand on Electric Car
04 May 2018Nickel, 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.
Read more detail in: https://www.marketwatch.com/story/metals-shortfall-to-crimp-electric-car-battery-supply-moodys-says-2018-05-01
