While many nickel producers were anticipating the Indonesian export ban would support price increases this year, the reality was much different. Philippine suppliers’ alternative supply led to nickel prices dropping more sharply than other metals this year.
We’ve identified the main price drivers for nickel next year as:
1. China GDP & PMI Data
2. Dollar to Euro exchange rate
3. Philippine exports
For a long-term industrial buying strategy for nickel, complete with specific support and resistance levels, download your complimentary copy of our 2016 Annual Metals Outlook report!
This report also includes commodities markets and industrial metals market analysis, in addition to key price drivers and commentary on aluminum, nickel, lead, zinc, tin and various forms of steel, in addition to copper.