Due to concerns about the rise in trade frictions, nickel prices on the London Metal Exchange have risen and waned in recent days. However, this incident does not affect the nonferrous metals industry's bullish view on nickel prices. BHP Billiton and other mining giants confirmed to reporters that they have turned to provide customers with high-purity battery-grade nickel due to the prospect of new energy vehicle explosive growth.
The research team stated that the current inventory of nickel has been reduced as a whole. Nickel pellets and nickel pellets, although stocks are high, can be used to produce battery-grade nickel sulfate for raw materials. Further prospects for destocking will emerge in the future. The development of high-nickel ternary materials in the power battery market is entering the fast lane, and the rising price of stainless steel as the most important application market for nickel all forms a support for nickel prices.

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