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Nickel Market Volatility Leaves Buyers Confused
November marked a rocky roller coaster for many metal prices, and the nickel price index was no exception. After the sharp rally at the beginning of the month, nickel prices eventually bounced back down. At the time, MetalMiner noted that the rally would prove short-term at best and didn’t indicate a true reversal. The LME’s decision about whether or not to place sanctions on Russian metal also weighed heavily on the long-term nickel price outlook. Just Wednesday, the LME announced it would scrutinize nickel trading more tightly after the sharp price drop which occurred this past week, bringing an end to the ... (full story)
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- Posted: Nov 25, 2022 4:45am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 73
