After a sharp correction mid January which had pushed the nickel price on the London Metal Exchange (LME) from over USD 24,000.00/mt down to just below the USD 22,000.00/mt mark, a clear recovery started again.
After a sharp correction mid January which had pushed the nickel price on the London Metal Exchange (LME) from over USD 24,000.00/mt down to just below the USD 22,000.00/mt mark, a clear recovery started again.
Full order books, little scrap, political unrest in Kazakhstan, one of the main chrome producing countries, and the completion of a company acquisition whereby a large European producer takes one of the three big stainless steel scrap recyclers on board.
In a publication, the investment bank, JP Morgan mentions that it finds the industrial metals complex somewhat uninspiring at the moment, now that the quieter part of the year is approaching.
10 December, 2021
Must See
Let’s Start Business
Get in contact with our experience traders today and find out how we can start business