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Have concerns over the past few months about the availability of nickel finally abated? Not necessarily. Despite nickel prices easing off their year-to-date highs during October, the London Metal Exchange (LME) experienced several days in a row of record nickel unit outflows during the month. This contributed to a 56% decline in warehouse inventories during October.
So what’s driving the record outflows of material during a time when manufacturing purchasing managers’ indexes across the globe are slowing? There are two schools of thought. Read the November Report for more!