Market participants doubtful that Chinese nickel sulfate prices can be sustained for long, eyes on EV demand

Chinese nickel sulfate prices have rebounded since the start of February 2023, rising for a third straight week, with new demand coming from the still-resilient nickel full-plate market.

Market participants are doubtful that this newfound demand is sustainable, however. Instead, they hope that the downstream electric vehicle (EV) sector will sustain the market in the long term.



Yiwen Ju

February 22, 2023

11:48 GMT