We've compiled it recently 12 Best Nickel Stocks Buyed Based on Hedge Funds. In this article, we will take a look at the representatives of ATI Inc. (NYSE:ATI) with other nickel stocks.
Nickel is a metal widely used in manufacturing. It is a key component of stainless steel and is valued for its corrosion resistance. It is also one of the richest resources. According to the International Nickel Research Group, data from Nornickel shows that global primary nickel production will grow by 4.6% in 2024 globally in 2024 and then increase by 3.8% in 2025. According to Nornickel, about 150,000 tons of nickel will surpass the world.
The nickel industry is booming. According to the Wealth business insights, the global nickel market is estimated to be US$41.61 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.3%, from US$44.59 billion in 2024 to US$73.15 billion in 2032, to 2023. By 2023. In addition, the U.S. nickel market is expected to expand to $2.01 billion by 2032, by the electric vehicle industry, continuous infrastructure projects, and strong demand for stainless steel production.
However, investing in nickel stocks can be challenging. The mining business is cyclical and the stock price is consistent with the market price of nickel. According to S&P Global Commodity Insights, the recession and a decline in industrial demand have caused nickel prices to fluctuate in early 2025, falling from $17,000 per metric tonne to less than $16,000 in March. Since nickel is a necessary condition for NCM and NCA batteries in electric vehicles, long-term demand pictures are still favorable. By 2030, global demand for nickel batteries for electric vehicles is expected to increase by 15% to 20% (IRENA). Two major automakers have negotiated a long-term supply agreement to ensure access to battery-grade nickel.
That is, prices have been under pressure due to the expansion of supply, especially prices in Indonesia, which generated more than 1.6 million metric tons in 2024, accounting for about 50% of global supply. Despite the high costs and environmental concerns, Indonesia's export ban and growth in HPAL projects are changing the supply chain landscape. Despite environmental and legal barriers, the Philippines is also increasing its output. Geopolitical issues make the market more complicated. Western sanctions forced Russia's supplies to rebluet into China, while the EU sought alternatives in countries such as Canada and Australia. Trump's plans, including possible tariffs on Chinese nickel, have focused on basic resource extraction in the United States. According to S&P Global, the LME 3 million nickel price is expected to average USD 16,026/ton in 2025, with supply disruptions and changes in trade policy being the main issues.
Asian nickel markets are likely to continue to face pressure in the coming months, given the growing uncertainty over global trade tensions led by tariffs, according to the latest report from S&P Global. This will be attributed to Indonesia's higher production levels of supply surplus and weak demand in key nickel power-consuming industries such as electric vehicles and stainless steel. Jason Sappor, senior analyst at Metals and Mining Research at Standard & Poor’s Global Commodity Insights, said:
“In the context of global macroeconomic instability, we expect the global primary nickel market to remain over-imposed in 2025, although Indonesia’s forecasted output will expand further this year despite challenges such as tight nickel ore availability and government potential royalties for nickel products,” he said.
Workers in safety equipment weld complex titanium components in a factory environment.
In this article, we screened the online rankings to form an initial list of 20 nickel stocks. From the final dataset, we selected 12 stocks with the largest number of hedge fund investors, using Insider Monkey's database of 1,009 hedge funds in Q4 2024 to measure hedge fund sentiment in stocks. As of April 25, 2025, we have used the market capitalization of the stock because the number of hedge funds invested in two or more stocks is the same.
Why are we interested in stocks that hedge funds to accumulate? The reason is simple: Our research shows that we can beat the market by mimicking the top stocks of the best hedge funds. Our quarterly newsletter strategy selects 14 small and large stocks every quarter, returning 275% since May 2014, surpassing its benchmark point by 150 percentage points. ((See more details here).
Number of hedge fund holders: 45
ATI Inc. (NYSE:ATI) produces and markets complex components and specialized materials. The HPMC business produces a range of materials, including superalloys, nickel and cobalt alloys, titanium and titanium-based alloys. AA&S partially produces zirconium and related alloys such as Hafnium and Niobium, nickel-based alloys, titanium and titanium-based alloys, etc. It ranks second on our list The best nickel strands.
The company reported revenue for the fourth quarter ending on December 29, 2024 was $1.2 billion, a year-on-year increase of 10% and a sequential increase of 12%. Adjusted EBITDA reached $210 million, which exceeded expectations. ATI Inc. (NYSE:ATI) saw full-year sales rise to $4.4 billion, the highest since 2012, representing a 5% increase in 2023. Jet engine revenue jumped to 9%, fuselage revenue rose 4.5%, and the Department of Aerospace and Defense continued to be the main driver of growth.
However, the defense market is the main buyer of ATI Inc. (NYSE:ATI) magnesium alloys, up 38% in the fourth quarter of 2024 and will increase 7% in 2025. The potential increase in U.S. defense funding has increased by $200 billion, with 50% of the plans involving its plans, supporting the expansion. Additionally, the company secured $4 billion in new customer commitments in 2024, strengthening its long-term revenue pipeline.
Record output levels and operational efficiency are the result of the company's massive investment in AI technology and equipment reliability. ATI Inc. (NYSE:ATI) announced a new $4 billion sales deal, and higher defense spending is expected to benefit its products.
Benchmark maintains its buy rating for the company's stock and raises its price target from $80 to $81. Analysts told investors that ATI Inc. (NYSE:ATI)’s fiscal 25 projection “looks to beat” and was backed by a record MRO backlog, and the company’s titanium capacity has been growing, with titanium alloy capacity rising, experiencing faster growth rates after the fiscal year.
Overall, ati Ranked second Our list of 12 best nickel stocks, according to hedge funds. While we acknowledge the potential of nickel companies, our belief is that AI stocks provide higher returns and do that in a shorter time frame. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than ATI but have less than 5 times its earnings, check out our report The cheapest AI stock.
Read the next article: Buy 20 Best AI Stocks Now and According to the billionaire, there are now 30 best stocks.
Disclosure: None. This article was originally published in Internal monkey.