Nickel Prices Slump as EV Boom Fails to Materialize

Via Metal Miner   According to a Forbes report, the nickel business has become so lucrative that billionaire Kiki Barki, who built his fortune in coal mining, is now steering his Harum Energy toward nickel. Harum accelerated its nickel expansion this year through a series of strategic deals. Meanwhile, nickel prices ended 2024 below their 2023 close. Harum Makes Major Plays Amid Low Nickel Prices In January, Harum boosted its stake in Indonesian nickel smelter Westrong Metal Industry to nearly 81% at a cost of $215 million. By April, its subsidiary,…