The rapid development of new supply fundamentals in a shifting geopolitical landscape continue to drive regular sharp swings in prices for nickel products. And 2025 could add more complexities, as US president Donald Trump pulled a U-turn on EVs immediately after returning to the White House, European EV sales resume growth and the China-Indonesia machine looks to accelerate its nickel supply growth momentum.
2025 could be a pivotal year for the nickel value chain, shaping long-term price trends and supply-demand dynamics.
Access the full insight to find out more about market drivers, including:
- RKAB still the talk of the town
- Nickel use in batteries: Will the momentum continue?
- Indonesia stainless steel output growth slows
- Alternative nickel value chains: Can US succeed?
- Could Indonesia cobalt replace Canadian cobalt in the US?
