EV Battery Metal Market Faces Downturn As Prices Plummet: What's Next For The Industry?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 19 2024
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Source: Benzinga
EV industry shift: Lithium and nickel producers halt projects amid price plunge, impacting battery metal supply.
Albemarle Corp. pauses $1.3 billion plant plans, reflecting broader industry downturn and investment caution.
Analyst Views on NIKL
Wall Street analysts forecast NIKL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NIKL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 19.360
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Current: 19.360
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
