Base MetalsBearishMetals Desk · 2d ago · 2 min read
Nickel stays pressured as Indonesian supply keeps the market well-fed
Class-1 nickel remained soft on ample NPI and refined output, with stainless demand insufficient to absorb the surplus.
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Tight concentrate supply is keeping spot treatment and refining charges under pressure, underpinning refined copper even as demand signals soften in parts of Asia.