Nickel prices hold steady in November as market watches electric vehicle trends

In November 2024, nickel prices remained stable, with the spot price at USD 7.11 per pound, slightly down from USD 7.12 in October. This marks a period of flat pricing for the metal. The nickel market continues to be influenced by trends in electric vehicles and related industries. Investors are closely monitoring developments in the EV metals supply chain. No significant changes in production or demand have been reported this month, maintaining the current pricing trend in the nickel sector.