The Nickel Industry is Booming. Thank You Elon Musk.
- This may have significant implications for the O&G industry, as Nickel is heavily used in Upstream and Downstream
- The price of nickel hit 16-month highs in August 2019, reaching over USD$16,000 p/t on the London Metals Exchange (LME). The price then soared even higher in early September, moving to and above USD$18,000 p/t on the LME.
- Nickel is a vital metal to power the New Green Revolution as a specific component in the mass manufacturing of electric vehicle (EV) batteries.