Nickel bulls may have to defer their great EV expectations for a while yet and focus on what is happening in the currently far more significant stainless steel sector.
Higher prices should provide an incentive for miners to maximize output next year, potentially alleviating some of the strain on supply, said Freeport VP of Marketing Javier Targhetta.
Zinc price touched a high of $2,596.50 per tonne last week, while lead has been moving in the opposite direction and is now the clear under-performer of the LME.