Nickel extends gains, shakes off firm dollar
Nickel prices rose on Wednesday, lifted by strong demand outlook from electric vehicles makers, despite the US dollar's rise against its major peers.
Car manufacturers continue to secure their nickel supplies, as it heavily used in the manufacturing of its electric vehicles batteries.
The industry is seeing intense competition, especially as the the US company "Tesla" is now facing competition from global companies seeking to produce battery-powered cars.
CEO of Tesla Elon Musk announced that it is now possible to buy Tesla vehicles with Bitcoin.
The dollar index rose against a basket of currencies by 0.2% to 92.5 points as of 13:32 GMT, after it hit a high of 92.6 points and a low of 92.3 points.
As of 13:34 GMT, nickel spot futures rose 0.6% to $16,526 per tonne.
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