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Fitch upgrades nickel forecast on long-term uptrend

June 10, 2021    

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The nickel price will remain on a gradual uptrend in the long term as the global market remains in deficit, prompting Fitch Solutions to upgrade its long-term nickel price outlook from $15,750 per tonne to $16,500 per tonne for 2021.

In recent months, Fitch reports that prices have broadly recovered from a steep price correction in March. In May 2021, prices reached a four-week low in response to Chinese regulators warning domestic commodities firms to keep the market fair after base metals experienced a strong rally.

Source: https://lithium-news.com/2021/06/03/nickel-price-fitch-upgrades-forecast-on-long-term-uptrend/


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