Tag: Nickel market analysis BigMint
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LME nickel prices see slight downturn w-o-w on rising inventories, softening demand
Market caution continues amid global macro uncertainties Expectations of Fed rate cut offer limited short-term support Nickel futures on the London Metal Exchange (LME) experienced a modest downturn this week, with three-month contracts settling at $15,130/t on 17 October, down $225/t w-o-w from $15,355/t the previous week. The decline reflects a combination of rising inventories,…