Macquarie Group Limited declared that China’s surging nickel imports, boosted by expanding stainless steel output and a price gap between the domestic and overseas market, have driven a rally in London prices. For full story, click here
Research group Macquarie declared that China’s historically high nickel imports in the first quarter have prompted some steel mills in the country to plan output cuts to run down high stock levels. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices entered the New Year with upward momentum, as the annual commodity index rebalancing was positive for the base metals. Now, it is one month into the year and the gains have halted. London Metal Exchange three-month nickel closed Friday at US$11,150 a metric tonne, [...]
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