What are the reasons for the increase in nickel plate prices?

1. Reduced supply of nickel: The demand for nickel has increased, while the supply has decreased due to various factors (such as worker strikes, mining restrictions, etc.), leading to price increases.

2. Increased demand: With the growth of the global economy, the demand for nickel in various industrial and consumer products has also increased accordingly, driving up nickel prices.

3. Fluctuations in the commodity market: Macroeconomic conditions, political events, and other commodity price fluctuations can affect the rise in nickel plate prices.

4. Currency depreciation: When a currency depreciates, it usually leads to an increase in commodity prices, including nickel plates.

5. Speculative demand: Speculators' expectations of commodity prices can also affect the fluctuations in nickel plate prices, leading to increases.

In general, there are many reasons for the increase in nickel plate prices, including the combined influence of supply and demand, macroeconomic conditions, political events, monetary policy and other factors.