Commodity Market Report
Global nickel short-term outlook October 2024
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Report summary
The bulls came out for LME Week, pushing nickel prices up on the back of positive stimulus announcements from China and some timely supply disruptions. After the event, the realisation set in that actually little had changed in the market, which is still severely oversupplied. The flush of optimism turned pessimistic and prices fell back to where they started.
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