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According to yieh.com, Citigroup analysts increased their nickel price forecast to $26,000 per ton, being confident that the nickel market will continue to be in deficit. In addition, experts expect an increase in demand for batteries for electric vehicles, which will further exacerbate the situation on the nickel market.
According to the International Nickel Study Group, the global nickel market posted a surplus of 6,500 tons in December compared to a deficit of 3,700 tons in November.
