04
Apr
03:34
ANZ holds nickel price target at $18,000/t
ANZ Research thinks $16,000/tonne for nickel prices is unsustainable over the medium term, and looks for a rebound in coming months, Kallanish notes from its report.
ANZ says in a note that it has a 12-month price target of $18,000/t for nickel prices.
The research house sees the most likely scenario being an oversupplied nickel market over the next two to three years, but a tighter market is not out of the question.
It opines the latter possibility would …
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Anonymous
Very good overview of the weekly steel market.
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