The outlook for nickel prices is shaped by several key factors. The increasing demand for electric vehicles and renewable energy storage is expected to maintain upward pressure on nickel prices, particularly for battery-grade materials. If supply chain disruptions ease and production from major nickel-producing regions stabilizes, prices may moderate.

However, geopolitical tensions, trade policy changes, and the ongoing push toward sustainable mining practices could lead to price volatility. Analysts expect that nickel prices will continue to experience fluctuations, driven by these complex and interrelated factors, especially as the EV market grows and governments introduce stricter environmental regulations.