Sumitomo Metal Mining Co forecast a substantial recovery in demand in the six months commenced October 2009 as customers boost production and surge commodity purchases. For full story, click here
Prices of nickel recovered smartly on the non-ferrous metal market here today due to fresh industrial demand coupled with higher advices from London Metal Exchange. For full story, click here
Nickel prices may drop further if producers do not make more cutbacks as a demand recovery is unlikely before the end of the year and inventories will continue to build at a fast clip. Gayle Berry, an analyst at Barclays Capital, said: If we want to balance the market we need more cutbacks. For full [...]
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