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home / news releases / DBB - Stainless Steel Demand Holds Back The Nickel Price


DBB - Stainless Steel Demand Holds Back The Nickel Price

Original Post

By Stuart Burns

All the base metals have been lifted by an expected end to lockdowns and a pickup in activity, particularly in China this quarter.

The weakening U.S. dollar has added a further fillip in recent weeks.

Despite recent gains, nickel price still down for the year

But nickel has proved the laggard, still 5% down on its position at year-end.

This is despite recent comments by Elon Musk during a second quarter earnings call. Musk called on miners to efficiently mine more nickel to meet Tesla's (TSLA) massive upcoming demand for

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Stock Information

Company Name: Invesco DB Base Metals Fund
Stock Symbol: DBB
Market: NYSE
Website: deutsche-bank.com/ir

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