EPIC RESEARCH MCX NICKEL UPDATE OF 27 NOVEMBER 2017

Nickel trading range for the day is 763.2-784.2. Nickel gains tracking LME nickel ended up 0.9 percent on expectations of strong demand to make the rechargeable batteries used to power EVs.Estimated nickel demand in EV batteries will rise to about 220,000 tonnes in 2025 from about 40,000 tonnes last year. Indonesia government has approved more than 20 million tons of nickel ore export quota so far, most of which are selling normally to China.







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