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11 Jan

BMI cuts 2024 nickel price forecast

BMI Industry Research sees oversupply and weak market fundamentals continuing to depress nickel prices in 2024, Kallanish reports.   The research house says in a note that it is revising down its nickel price forecast for 2024 to $20,000/tonne from 20,600/tonne as the market remains in a “supply glut.” Its analysts note that weak Chinese demand and a limited growth outlook across major markets will place a cap on prices. However, they expect…
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