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09 Nov
12:58

Higher nickel prices to sustain: analyst

After many years of being a buyer’s market, a change in the stainless steel market could be coming in favour of sellers, according to Roland Mauss of stainless scrap merchant Oryx. The nickel price on the London Metal Exchange has lately stabilised at around $15,500/tonne, after rising over time and reaching a temporary high of $15,800/t. “The rise happened very quickly and was almost linear, which brought the figures into what is known as an overbough…
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