Last week, the price of nickel in London declined by more than 8% while the price of the metal over in Shanghai plunged to nine-month lows after an important deal by Tsingshan Holding, a Chinese firm, relieved concerns of supply shortages of battery-grade nickel.
Expectations of a surge in demand from the electric vehicle sector had led to the benchmark prices for the metal trading at six-year highs with many expecting a shortage…
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