From Yahoo Finance: 2025-04-28 09:27:00

Nickel, used in manufacturing stainless steel, is in demand globally. Primary nickel production is expected to rise by 4.6% in 2024 and 3.8% in 2025. The global nickel market was worth $41.61 billion in 2023 and is projected to reach $73.15 billion by 2032. Asia Pacific dominates the market, with the US nickel market expected to grow to $2.01 billion by 2032.

Nickel stock investing can be challenging due to market fluctuations. Nickel prices dropped in early 2025 due to fears of recession and industrial demand decline. Long-term demand for nickel from EV batteries is expected to increase by 15-20% globally by 2030. LME 3M nickel prices are expected to average $16,026/t in 2025.

Indonesia, accounting for 50% of global nickel supply, is a major player in the market. Despite challenges like high costs, environmental concerns, and geopolitical issues, Indonesia’s export prohibition and HPAL projects are changing the supply chain. The Philippines is also increasing its output. LME 3M nickel prices are expected to average $16,026/t in 2025.

Amid tariff-led global trade tensions, the Asian nickel market may continue to face pressure. This is due to a supply surplus from higher Indonesian production levels and weak demand from key industries like electric vehicles. The global primary nickel market is expected to remain oversupplied in 2025, according to S&P Global.

Materion Corporation (NYSE:MTRN) is a key player in the nickel market, offering various specialty metal products. Despite the market downturn, Materion Corporation reported solid financial results for Q4 2024. The company’s value-added sales and adjusted EBITDA both showed growth. However, the performance of its segments varied, with some showing growth and others declining.

Materion Corporation ranks 10th on the list of best nickel stocks to buy according to hedge funds. While MTRN shows promise as an investment, AI stocks are believed to offer higher returns in a shorter timeframe. If you’re looking for a promising AI stock trading at less than 5 times its earnings, check out the report on the cheapest AI stock.



Read more at Yahoo Finance: Is Materion Corporation (MTRN) Among the Best Nickel Stocks to Buy According to Hedge Funds?