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Recent Articles

  • Nickel Industry Faces Financial Crisis Due to Increased Supply from Indonesia and Shift in Demand for Electric Vehicles

    Nickel Industry Faces Financial Crisis Due to Increased Supply from Indonesia and Shift in Demand for Electric Vehicles

    Broke On: Monday, 05 February 2024 The nickel industry is facing financial difficulties due to a flood of new supplies from Indonesia, resulting in a 40% crash in prices and a loss of money for over 60% of the global industry. Nickel's shift in demand as an ingredient for electric vehicle batteries has led to increased production from countries such as New Caledonia and Australia, but this surge in supply is causing problems for many mines.