The Conversation (0)
Reuters reported that nickel has hit a 7-month low on the LME ending at $15,695 as a weak economic data from China, the world’s biggest metal consumer, strengthened concerns on demand growth.
Reuters reported that nickel has hit a 7-month low on the LME ending at $15,695 as a weak economic data from China, the world’s biggest metal consumer, strengthened concerns on demand growth.
As quoted in the market news:
The Chinese market is being kept up by credit invested in state-owned enterprises, though even that wasn’t enough to keep GDP on track to where the market expected it to be in Q1,” said Tom Kendall, an analyst at Credit Suisse.