24
Aug
14:34
NICKEL: Stainless set to lose nickel dominance to EVs
Stainless steel is set to lose its position as the primary driver of global nickel pricing, concludes a report by Bank of America.
Nickel is currently at a multi-year high, the bank says - or $18,895/tonne, according to the London Metal Exchange. Concurrently, global stainless output hit a record in the third quarter of 2020 “...and has continued to post a series of highs since,” the report states.
However, while stainless currently enjoys…
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Anonymous
Very good overview of the weekly steel market.
Anonymous