Will Nickel sulfate, CIF Japan, and Korea (MB-NI-0246) be priced above $4400 tonne on Dec 31, 2025?

Resolution criteria

This market will resolve to "Yes" if the Fastmarkets MB-NI-0246 Nickel Sulfate price, cost, insurance, and freight (CIF) Japan and Korea, is above $4400 per tonne on December 31, 2025.

Resolution criteria

This market will resolve to "Yes" if the Fastmarkets MB-NI-0246 Nickel Sulfate price, cost, insurance, and freight (CIF) Japan and Korea, is above $4,400 per tonne on December 31, 2025. The price will be determined based on the official Fastmarkets MB-NI-0246 assessment published on that date. If no price is published on December 31, 2025, the most recent prior published price will be used for resolution.

Background

Nickel sulfate is a key component in the production of batteries for electric vehicles (EVs) and energy storage systems. Its demand is closely tied to the growth of the EV market and advancements in battery technology. The price of nickel sulfate is influenced by factors such as nickel ore supply, production costs, and global demand for nickel-based products.