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 @ISIDEWITHNewsWorldGlobal economyUnrestNew CaledoniaNickel PricesCritical Raw Material•••2yrs ago

Nickel Prices Skyrocket Amid Unrest in New Caledonia

Global nickel prices have surged following a wave of deadly violence in New Caledonia, a key nickel-producing French Pacific territory.

The unrest has disrupted nickel supply chains, causing concern among manufacturers and investors worldwide. Nickel, a critical raw material for electric vehicle batteries, coins, and armor plating, has seen its value increase significantly. The European Union has designated nickel as a critical raw material, highlighting its importance to the global economy.

The situation in New Caledonia underscores the delicate balance between geopolitical stability and commodity markets.

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3 Replies

 @ISIDEWITHasked…2yrs2Y

Would you still support the electric vehicle industry knowing that the materials for batteries could come from conflict zones?

 @ISIDEWITHasked…2yrs2Y

How do you feel about the ethical implications of investing in commodities like nickel when conflicts could influence the market?

 @ISIDEWITHlinked…2yrs2Y

Why is New Caledonia unrest causing nickel prices to soar?

https://firstpost.com

The price of nickel is spiking after chaos in the French Pacific territory of Caledonia. The shiny silvery-white metal, used in electric vehicle batteries, coins and armour plating, has been designated a critical raw material by the European Union.

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