Nickel rises over 1% on strong demand outlook
Economies.com
2021-02-11 14:32PM UTC
Nickel prices rose on Thursday, as the US dollar held against its major peers, amid a strong demand outlook for industrial metals.
Nickel was buoyed by strong electric vehicles sales, which boosted demand for nickel that is used in the manufacturing of batteries.
CEO of Tesla Inc- the world's leading electric vehicles maker - has betted on nickel as a promising metal in the battery industry.
The dollar index held against a basket of currencies at 90.3 points as of 14:20 GMT, after it hit a high of 90.4 points and a low of 90.2 points.
As of 14:21 GMT, nickel spot futures rose 1.4% to $18595.7 per tonne.
Commodities News
Commodities
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Commodities
Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Commodities
Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...