Market volatility to hit Q1 earnings for base metals miners
“The war will likely dampen consumption of many base metals as supply chains are interrupted. Russia is a big player and it‘s not like others can quickly fill the gap,” CIBC mining analyst.
Nickel ended 2024 trading at four-year lows, a spectacular reversal of fortune for a metal that soared so high in 2022 it almost broke the London Metal Exchange.