Benchmark nickel futures on the London Metal Exchanged reached US$22,570 per ton last week, the highest since August 2011. This should benefit Indonesia, the world’s largest exporter of nickel products (mainly in the form of nickel pig iron/NPI, ferronickel, nickel in matte, and nickel sulphate). Rising sales of electric vehicles everywhere, particularly Europe and China, and firm demand from battery sector support the commodity.To subscribe please click here
