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Nickel demand for electric vehicles expected to soar
According to a new report, released by the Joint Research Centre, nickel demand from the EV sector is expected to grow globally by 2.6Mt Ni through 2040, from only 92kt Ni in 2020, and by 543kt Ni from 17kt Ni in 2020 in the European Union. According to the paper,...
Commodity Insight – Zinc
Possible new short-term drops for zinc. Area 2650 $/ton turns out to be a strong resistance area. First short-term targets are identified in the area 2560$. Analyzing the data of the Cot report published by the Lme shows a strong liquidation of buying positions by...
Commodity Insight – Copper
As written in the January 26th post, copper prices could have broken down through the support at $7800 and they did. UpDate - After reaching the highs of 2012 in the $8237/mt area, copper prices have started a downward spiral, included in a descending channel that may...
Commodity Insight – Copper
The copper settles in a narrow range between $8230 and $7800. The negative divergence of the MACD indicator suggests a loss of strength in the metal, which could extend a possible correction below $7800 towards the wider targets in the $7700 and $7400 area. The medium...