Edric Koh, head of physical market volumes from the London Metals Exchange, shares his views on nickel's performance so far this year as well as positive upcoming movements for nickel market dynamics at Metal Bulletin's sixth Asian Nickel Conference in Jakarta on September 12.
"Nickel has performed better in the LME base metals complex since the start of the year, supported by demand from electronic vehicle (EV) batteries," Koh said.Base metal prices were all lower compared to the beginning of the year, however, nickel was relatively resilient to the falls. The closing price for the three-month nickel contract was at $12,620 per tonne as of September 11, down 9% from the beginning of the year. In comparison, zinc experienced a drastic 32% fall from...