Industry News

Citigroup optimistic about short-term nickel prices

Views : 100
Update time : 2021-07-22 18:14:51
According to Citigroup’s forecast, the prosperity of commodities will last for two more quarters. The demand for commodities will weaken with a slowdown of economic recovery, and supply will be partially eased.

Citigroup especially showed its optimism on short-term nickel prices, predicting that the price will reach US$20,500/ton in the next three months under the expectation of tighter spot supply.

Besides, Citigroup was also optimistic about the long-term aluminum and copper prices, partly due to stronger demand for power generation and transmission, passenger cars, electric vehicles, and consumer goods, as well as the limited supply.
Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11