US EditionIndonesia’s Big Bet on Nickel Sours as Global Prices Tumble
5 Articles
5 Articles
Nickel 28 Capital (OTCMKTS:CONXF) Trading 0.5% Higher – Here’s Why
Nickel 28 Capital Corp. (OTCMKTS:CONXF – Get Free Report)’s stock price rose 0.5% during trading on Tuesday . The stock traded as high as $0.55 and last traded at $0.55. Approximately 500 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 20,361 shares. The stock had previously closed at $0.55. Nickel 28 Capital Trading Up 0.5% The business’s 50-day moving average price is $0.51 and its 200 day moving a…
Indonesia's nickel boom faces supply chain crisis
INDONESIA’S ambitious nickel expansion strategy is encountering significant difficulties as plummeting prices and ore shortages compel refiners to cut production and dismiss workers, said the Financial Times. The nation, which possesses the world’s largest nickel reserves, made substantial investments to satisfy rising demand for the metal, essential for stainless steel production and electric vehicle batteries. However, the consequent supply su…
Although nickel prices reached historic peaks in 2022, since then they have fallen, but metal remains key in the electric car battery industry, with investments exceeding lithium in value. Nickel prices, like lithium and cobalt, have experienced a roller coaster in recent years, initially driven by expectations of an explosive demand for electrical vehicle battery materials (VE). However, after dizzying spikes, values have begun to stabilize, re…
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