August 2012 | Base Metals
$15,000/tonne under threat: Nickel - Market Analysis
Prices remain on the ropes, and on the brink of testing $15,000/tonne, which we see as a key support level.
Q3 stock build pace gains on previous two quarters
We are just half way through Q3, and during this period LME stocks have already increased by 12,600 tonnes. Our forecast for the total nickel stock build over Q3 is only marginally higher at 16,000 tonnes. It could be that demand is even weaker than we are...
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