(Bloomberg) -- Nickel may fall for a second straight
day in London on speculation that the metal's rally over the
past year high will deter buyers. Aluminum declined.
Stainless-steel mills, the largest nickel users, are
consuming inventories, reducing purchases and switching to
cheaper raw materials, Citigroup Inc. analysts Alan Heap and
Alex Tonks in Sydney said yesterday in a report. Supply will
rise in ``coming months,'' creating a surplus next year, they
said.
Read more at Bloomberg Commodities News
day in London on speculation that the metal's rally over the
past year high will deter buyers. Aluminum declined.
Stainless-steel mills, the largest nickel users, are
consuming inventories, reducing purchases and switching to
cheaper raw materials, Citigroup Inc. analysts Alan Heap and
Alex Tonks in Sydney said yesterday in a report. Supply will
rise in ``coming months,'' creating a surplus next year, they
said.
Read more at Bloomberg Commodities News
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