Cryptocurrency Q&A Why are nickel so expensive?

Why are nickel so expensive?

Carolina Carolina Mon Nov 25 2024 | 6 answers 1638
I've been looking at the prices of metals recently and noticed that nickel seems to be particularly expensive. I'm wondering what factors contribute to the high cost of nickel. Why are nickel so expensive?

6 answers

Stefano Stefano Wed Nov 27 2024
Nickel prices have seen a significant surge due to the shortage of ore supplies from Indonesia.

Was this helpful?

359
62
Valeria Valeria Wed Nov 27 2024
Since the end of 2023, nickel prices have risen by more than 45%, marking a steep increase in the commodity's value.

Was this helpful?

373
95
CharmedWhisper CharmedWhisper Wed Nov 27 2024
Meanwhile, ore prices from the Philippines have also experienced a notable jump during the same period.

Was this helpful?

324
78
Martina Martina Tue Nov 26 2024
Specifically, Philippine ore prices have soared by nearly 30%, highlighting the overall upward trend in nickel pricing.

Was this helpful?

121
94
HallyuHero HallyuHero Tue Nov 26 2024
Furthermore, Indonesian nickel pig iron with a nickel content ranging from 10-16% has seen an increase in price.

Was this helpful?

203
75
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts