From Yahoo Finance: 2025-04-28 09:29:00

The nickel industry is growing, with global production set to rise by 4.6% in 2024 and an additional 3.8% in 2025. The market was valued at $41.61 billion in 2023, projected to reach $73.15 billion by 2032. Nickel demand from EV batteries is expected to increase by 15-20% through 2030.

Nickel stock investing faces challenges due to price fluctuations. Nickel prices dropped from $17,000 to less than $16,000 per metric ton in early 2025. Despite this, long-term demand remains strong, especially from the electric vehicle industry. Supply disruptions and changes in trade policy are key concerns for the market.

The Asian nickel market may face pressure due to a supply surplus from higher Indonesian production levels and weak demand from key industries like electric vehicles and stainless steel. The global primary nickel market is expected to remain oversupplied in 2025, with challenges from tight nickel ore availability and potential royalty rate hikes.

ArcelorMittal S.A. (NYSE:MT) is an integrated steel and mining business with operations worldwide. The company’s strong financial performance in 2024, generating $7.1 billion in EBITDA, positions it as one of the best nickel stocks. Strategic reinvestments and share repurchases have bolstered shareholder returns and decarbonization efforts.

ArcelorMittal S.A. (NYSE:MT) ranks 8th on the list of best nickel stocks to buy according to hedge funds. While MT shows promise as an investment, AI stocks may offer higher returns in a shorter time frame. Investors interested in AI stocks with significant potential can explore opportunities with lower price-to-earnings ratios.

Read more: Is ArcelorMittal S.A. (MT) Among the Best Nickel Stocks to Buy According to Hedge Funds?