Nickel is used everywhere, but Tesla's purchase of the metal may be a signal to other users of nickel to buy. I'm not expecting nickel to each USD 22 per pound as it did decades ago, but it should rise from the USD 7 per pound or USD 8 per pound whre it's been for a few years.
People overlook that when there is a massive increase in demand for a particular commodity, then the companies look to get more material out of the ground for less money.
Hence the price can often go down over time. Look at oil and how it dropped as a result of fracking.
Money is worth more if it does :) doubt it though it will probably just mean it is worth making lower denomination coins that are currently minted.
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Well it depends on how much demand there is for it so I think prices will definitely go up. After all, Tesla is not the only one using nickel.
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Nickel is used everywhere, but Tesla's purchase of the metal may be a signal to other users of nickel to buy. I'm not expecting nickel to each USD 22 per pound as it did decades ago, but it should rise from the USD 7 per pound or USD 8 per pound whre it's been for a few years.
Posted Using LeoFinance Beta
Depends upon if the supply massively increases.
People overlook that when there is a massive increase in demand for a particular commodity, then the companies look to get more material out of the ground for less money.
Hence the price can often go down over time. Look at oil and how it dropped as a result of fracking.
Posted Using LeoFinance Beta