Nickel Prices Face Bearish Production Forecasts ...Middle East

Via AG Metal Miner The Stainless Monthly Metals Index (MMI) rose 14.58% from December to January as nickel prices retreated. Nickel prices continued to rally throughout December. But by January, prices began to show minor pullbacks that could become the beginning of a short-term sideways trend. Until prices break the new range, the market direction will remain unclear. Market volatility, however, remains high. This stems mainly from the lower overall volume in the LME exchange and leaves significant risk in the market. Licenses at Low Levels Import…

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