Nickel is a vital component for the batteries of electric cars. The price has risen 63% this year from $11,000 a ton to $18,000 a ton. The price seems set to rise further on the news that a major nickel producer in Papua New Guinea may be closed down following a pollution incident.

This might be a good time to invest in nickel via an ETF like ETFS NICKEL ETC (LON:NICK) but I'd be interested to know what others think.

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