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Nickel prices to come off highs in 2021, Fitch Solutions says


March 16, 2021 | 7:56 pm
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NICKEL PRICES are expected to come off current highs in 2021 as more supply becomes available to the market, but will be underpinned by recovering economies, Fitch Solutions Country Risk and Industry Research said.
In a report, Fitch Solutions upgraded its 2021 average nickel ore price forecast to $15,750 per ton, from $15,250 previously.
“Prices over the past few months have progressed to multi-year highs on the back of increased optimism in the market, a weakening dollar and bullish expectations about nickel supply,” Fitch Solutions said.
According to Fitch Solutions, the current nickel price is about $18,180 per ton, but will drop as supply increases in key markets. ....

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