Nickel prices will likely slip next year as increased production brings supply and demand into balance, according to Bank of America Merrill Lynch.
China’s probe into metals warehousing at Qingdao port is unlikely to “break” the copper market, while it may depress prices in the short term, according to Bank of America Corp.
Slumping nickel prices will force some producers to cut output in the next two years to prevent an oversupply, according to Bank of America Merrill Lynch.
The London Metal Exchange, the world’s biggest industrial-metals marketplace, changed its rules to speed up withdrawals from warehoused stockpiles amid consumer complaints that prompted scrutiny from U.S. regulators.
"Chinese nickel and stainless-steel markets are not very strong."
- Michael Widmer on Oct 24, 2014