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COMMODITIES forecaster CRU is currently anticipating a nickel price moving to US$16,000-16,500 per tonne in around 4-5 years, though such are the known unknowns between now and then that having much confidence with that forecast requires a leap of faith.
In particular, how quickly and deeply electric vehicle (EV) penetration plays out over the period in question appears a key consideration, with CRU's Alex Laugharne making the point at the PDAC
Resources sector generally positive though gold patch down
