Nickel prices soared to the highest level in more than a decade amid skyrocketing demand for electric cars, as the Ukraine crisis added to supply concerns. The combination of nickel-cobalt aluminum is the chemistry behind electric car batteries. Nickel is one of the crucial metals by mass in lithium-ion battery cathodes.
Rapidly increasing demand for electric cars has tightened supplies for the metal and pushed prices on the London Metal Exchange to levels not seen since 2011. Besides rising electric car popularity, the crisis over Ukraine…Bank Of America: The Ukraine Crisis Could Send Oil Prices $20 Higher
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