- Much of the rally in nickel prices over the last month is attributed to investment fund buying, although developments in the physical market have also been supportive of higher prices. World demand for nickel continues to improve, supply is tightening and premiums have risen sharply in all regions.
Ferrochrome: big rise in Q1 contract price expected
- Fundamentals remain tight, as real demand is robust, and consumers continue to restock previously depleted inventories. Spot market prices have surged on the back of low stocks in Europe and the US.
Molybdenum: price rally reverses in Europe and China
- An end to purchasing after the Chinese holidays has brought prices down in China. Europe followed suit mid-week, but the US remains strong as producers are sold out and demand improves.