This is Globe Advisor ’s weekly newsletter for professional financial advisors, published every Friday. If someone has forwarded this newsletter to you via e-mail, or you’re reading this on the web, you canThe rise of the electric vehicle sector has resulted in an immense need for industrial metals. One of them is nickel. Yet, the ensuing overflow of cheap nickel from Indonesia resulted in the price of the metal dropping precipitously. Now, there are signs of a gradual recovery.
Despite the excess nickel available, the market is not fully satisfied. That’s because nickel from Indonesia, while cheap, is also dirty and therefore won’t support climate and net-zero goals. In fact, it’s doing the opposite – and that’s affecting investors’ decision-making. The International Energy Agency has forecast supply shortages later this decade as demand for green technologies rises, marking the importance of continued mining expansion in the West.
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