EPIC RESEARCH MCX NICKEL UPDATE OF 06 NOVEMBER 2017

Nickel trading range for the day is 796-839.Nickel prices renewed their advance on expectations of bullish demand from the electric vehicle (EV) battery sector.Philippine is expected to export about 4.66 million wet tonnes nickel ore in October, dropping dramatically compared with September. In 2020, the nickel consumption is expected to rise from 5,000 tonnes in 2016 to 30,000 tonnes in 2020.



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