29
Jul
05:59
Maybank foresees nickel prices to decline
Maybank Investment Bank expects nickel prices to decline due to increased supply from China’s producers and capacity expansion in Indonesia starting in 2024.
The research house says in a note that despite the recent rally in LME nickel prices, it believes this price benchmark will decline due to the influx of more supply from China’s producers.
It expects prices of class 1 nickel will also come under pressure due to expectation that the surplus …
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Anonymous
Very good overview of the weekly steel market.
Anonymous