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Monday, 22 June 2015

Tightening in scrap market could limit downside for nickel – BofA

Contrary to the trend seen through most of 2014 and into 2015, stainless steel scrap prices have outperformed nickel quotations recently, the bank said, on improved sentiment in Europe’s stainless steel industry. During 2014 and into 2015, nickel contained in stainless steel scrap as a percentage of the London Metal Exchange nickel...

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