Via Metal Miner After nickel prices saw a sharp slowdown in May, prices started to form sideways trends in relief to the downtrend. Like other base metals, nickel prices rallied during the first weeks of June until bullish momentum exhausted itself and prices retraced to the downside. Prices found a bottom at the end of June and continue to move sideways near the bottom of their current trading range.
Overall, the Stainless Monthly Metals Index (MMI) continued to decline, with a 6.14% drop from June 1 to July 1. Global…The Nickel Market's Roller Coaster Ride
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