16
Nov
03:32
ING foresees nickel prices to remain under pressure
ING expects nickel prices to remain under pressure in the short term as a surplus in the global market builds and a slowing global economy mutes stainless steel and electric vehicle (EV) demand, Kallanish notes.
ING says in a note that the nickel prices should, however, remain at elevated levels compared to average prices seen before the historic LME nickel short squeeze in March last year due to nickel’s role in the global energy transition.
The met…
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Anonymous
Very good overview of the weekly steel market.
Anonymous