Nickel prices are proving a headache for miners across the world: oversupply of the metal plus low electric vehicle (EV) demand has created a profit-stealing two-year price slide. Anglo American’s nickel revenues fell by around 23 percent in 2023, according to its latest earnings report. The EBITDA for nickel at Vale fell by 56 percent over the same period, from £1,924mn to £668m. The nickel price is down 27 percent year on year. How have prices fallen so far, so quickly? Oversupply from Indonesia Part of the…
Hence then, the article about declining demand for evs is weighing on the nickel market was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Declining Demand for EVs Is Weighing on the Nickel Market )