Nickel’s Perfect Storm, Mid East Supply Shocks & Battery Metals Outlook with Analyst Matt Fernley

Fernley argues that nickel faces a structural supply deficit driven by Indonesian production cuts, strong EV demand, and a lack of new global investment.

Middle East conflicts threaten oil supply chains, but Fernley notes that weak global macroeconomic demand currently prevents sustained upward pressure on energy prices.

Western policy interventions like the U.S. Inflation Reduction Act are establishing firm price floors for critical minerals, making domestic battery metals projects economically viable.