| Citi analyst David Wilson’s reading of a key reason the brief rally in nickel prices (up 0.6% earlier this week to US$8,730/t) in the wake of recent lows looks like quickly running out of steam, comes amid similar uncertainty about the direction of copper and aluminium prices.
Wilson told Reuters copper’s recent strengthening wasn’t really buttressed by improvements in economic conditions or supply and demand fundamentals. “The Chinese macro data is slightly better, but there’s still a sense that the price rally into mid-March was a bit overextended,” he said...............................................Full Article: Source
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