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Nickel Investor Report
2024 Nickel Outlook Report
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 spoke with analysts, market watchers and insiders to get the scoop on the trends and stocks that you need to watch to stay ahead of the markets in 2024.
✓ Trends | ✓ Forecasts | ✓ Top Stocks |
Table of Contents:
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A Sneak Peek At What The Insiders Are Saying
“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, ING
"While LME nickel prices are expected to find support from a weaker US dollar in 2024 as the Federal Reserve eases monetary policy, we expect prices to remain subdued as further primary nickel output growth from Indonesia and China keeps the market in a surplus for the third consecutive year."
— Jason Sappor, S&P Global Commodity Insights.
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