Nickel Price Forecast 2024

Nickel Price Forecast 2024. Bmi country risk and industry research is revising its nickel price forecast for 2024 from $18,000/tonne to $17,300/t, as the market grapples with a substantial surplus, kallanish notes. These factors are already starting to have an impact, with ford (nyse:f) and gm (nyse:gm), among others, cutting production forecasts for 2024.

Ewa manthey from ing expects the average price per. Following its near 50 percent drop in 2023, the nickel price is expected to be rangebound for most of 2024.