11
Jan
04:04
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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Anonymous
Very good overview of the weekly steel market.
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