Weak Stainless Demand to Sap Nickel Strength

Base Metals Investing

Reuters reports slowing demand from stainless steel mills and rising mine production are likely to push the nickel market into surplus.

Reuters reports slowing demand from stainless steel mills and rising mine production are likely to push the nickel market into surplus.

The market news is quoted as saying,

The uncertain outlook for global economic growth and demand because of the debt crisis in the euro zone and the United States mean gloomier prospects for nickel demand.

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