It is reported that Yao Qizhong, a senior analyst of Baosteel Stainless Steel Co. at 2014 SMM China Metals Summit said that nickel price is expected to rise in 2015.

According to Yao, LME nickel price will edge higher to US$17,500~18,000/ton next year, added that Indonesia’s ore ban, the monsoon season in the Philippines as well as the El Nino climate phenomenon and the government's rigorous environment protection inspections are the keys that support nickel prices.