There has been a rise in the interest in nickel over the years. Therefore, there is no shortage of investors willing to enter this space. Here’s your chance to chance to learn everything about nickel price in India and begin investing in it.
Nickel, a base metal, is commonly used in the production of stainless steel products. It finds extensive usage in the engineering, electrical, and construction industries. Being resistant to corrosion, Nickel is an excellent choice when it comes to the plating of iron and brass. Also, nickel is ferromagnetic. The metal is used in the making of coins, glass, rechargeable batteries, and bulletproof safes. These are just some of the many products that can be made of nickel.
Nickel is extensively used in the manufacturing of lithium-ion batteries. As these batteries are critical to electric vehicles (EVs), the rise in the demand for EVs is expected to attract more considerable attention from investors who are keen on making the most of the nickel price today.
Nickel prices moved closer Rs. 1,206 per kg in futures trade and investors built their positions on account of the rising demand from alloy-makers in the spot market.