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This article first appeared on Nov. 15 on Trend Investing.
Nickel and cobalt prices are doing well lately as they are both in demand metals to support the electric vehicle boom. Both metals are forecast to do well in 2020 and beyond assuming electric cars continue to grow market share, which looks almost certain to happen in the next decade.
Nickel sulphate demand for EVs is set to surge
The chart below shows a forecast ~20 fold increase in nickel needed to feed the EV boom from 2018 to 2030.