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![A graph showing recent nickel strip prices](http://higherwire.com/cdn/shop/articles/Nickel-Strip-Pricing-Higher-Wire-Energy-1662486507_{width}x.png?v=1662513318)
Driven largely by battery manufacturing, the EV sector and stainless steel production, nickel demand has ramped up in recent years, with 2021 seeing 17% demand growth. Combine that with supply disruption and inflationary pressure and the result has been wild price fluctuations and 50% price increase over the past 12 months.
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