09
Oct
05:42
BMI cuts nickel price forecast
BMI Industry Research has cut its nickel price forecast due to weak market fundamentals, Kallanish notes.
The research house is revising down its nickel price forecast for 2023 to $22,000/tonne from $23,500/t as global nickel production continues to rise, pushing the market into a deeper surplus.
At the same time, it sees weak demand for nickel and nickel-based products will fuel further price declines, weighed down by a weak global growth environment and China&…
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Anonymous
Very good overview of the weekly steel market.
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