Hi all, just for interest.
This is not mine it's from *Trading Economics* today, public info.
Nickel futures surged past $20,000 a tonne, getting closer to an over 7-year high of $20,426 touched on September 10th and tracking a rally in other metals such as Aluminum and Zinc due to production curbs driven by power shortages in Asia and Europe. Also, inventories in ShFE warehouses hovered near a record low of 4,455 tonnes while stockpiles in LME warehouses declined to 149,412 tonnes, the lowest since December 2019. Meanwhile, Kosovo’s only ferro-nickel producer Newco Ferronikeli shut down production on Friday due to soaring energy prices.
Cheers
Hi all, just for interest.This is not mine it's from *Trading...
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