18
Mar
03:45
Macquarie sees nickel struggling to top $20,000/t
Macquarie says nickel could struggle to rise sustainably above $20,000-21,000/tonne over the next five years amid oversupply.
Kallanish notes from its report that nickel prices would be subdued if the supply additions to Indonesian capacity come on stream anywhere near the levels planned.
“Our projections assume significant delays to the timetables mentioned by producers in Indonesia, and there is arguably more upside than downside to our medium-term …
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Anonymous
Very good overview of the weekly steel market.
Anonymous