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Benzinga
Benzinga
Business
Mark O'Donnell

Will chaos in nickel prices disrupt the EV boom?

Li Elon Musk LME Tesla Inc. United States Russia Li Auto Nasdaq Tsingshan

The nickel market has been in disarray in recent weeks as prices soared to unprecedented levels before going on a freefall amid supply concerns and an unexpected short-squeeze by one of the world’s largest steelmakers.

Nickel is one of the most common metal elements in the world used to make stainless steel, batteries, coins, and other metal applications.

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