09
Apr
15:35
NICKEL, COPPER: Jefferies lowers nickel price forecasts
Jefferies researchers trimmed their nickel price forecasts to reflect supply growth in Indonesia, which is set to help balance supply and demand fundamentals, Kallanish reports.
The downward revision announced on Friday comes on the back of the “risk” of increasing supply from Indonesia following Tsingshan’s announcement in March. The Chinese stainless steel supplier said it would provide 100,000 tonnes of nickel matte from its operations for th…
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Anonymous
Very good overview of the weekly steel market.
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