27
May
16:48
COPPER, NICKEL: Fitch Ratings upgrades price assumptions on strong market conditions
Fitch Ratings has upgraded its copper and nickel price assumptions for this year by 25% and 10% respectively, on the back of pent-up demand, Kallanish reports.
The credit rating agency expects stronger pricing sentiment to spell over into early 2022, but its long-term assumptions remain unchanged. So far this year, copper has experienced “exceptionally strong” pricing conditions thanks to low inventories, economic recovery, stimulus packages and expec…
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Anonymous
Very good overview of the weekly steel market.
Anonymous