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Nickel bucks the metals trend

Concern over global growth has depressed the prices of many metals in recent weeks. Nickel has been an exception, however, soaring by almost a quarter to a 13-month high in just a fortnight.

The price jump also reflects robust steel production in China in the first half and dwindling stockpiles: demand has eclipsed supply for five years.  Traders are also looking forward to higher long-term demand as nickel is a component in batteries for electric vehicles.

In September 2017, Anglo Pacific Group PLC (LON:APF) entered into a royalty agreement with Brazilian Nickel Ltd (Brazilian Nickel) to acquire an initial 1% gross revenue royalty over the Piauí nickel-cobalt project.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.