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VALE - Nickel Monthly News For The Month Of July 2019
VALE S.A. American Depositary Shares Each Representing one
Welcome to the nickel miners news for July. The past month saw nickel prices rise sharply and LME inventories fall again and remain near a ~7 year low. Most other base and EV metals declined but nickel is rising, most likely due to the very low inventory levels and strong demand boosted by the EV sector.
Nickel price news
As of July 25, the nickel spot price was US$6.35/lb, up sharply (13%) from US$5.62 last month.
The following charts show that the excess nickel inventories since 2013 have been worked off now and nickel