People waking up to the nickel bull: Also from Morgan Stanley, commodity strategist Susan Bates detailed the strong global demand for nickel,
“Demand for nickel remains exceptionally strong, with stainless output surging globally to meet demand from the construction, manufacturing and oil/gas sectors, which – together with container shortages and high raw material costs – has driven stainless prices to 14-year highs. Despite chip shortages, EV battery demand has also remained elevated, helping to lift nickel price to the mid-$19k/t level. It had looked like a supply recovery would ease some market tightness into 2H21, but fresh disruptions and ongoing demand strength now look set to keep prices higher for longer. "
https://www.theglobeandmail.com/investing/markets/inside-the-market/article-the-major-canadian-oil-companies-most-likely-to-raise-dividends-and/