2024-05-31 07:55:00 ET
Summary
- Copper demand remains robust in both Chinese and ex-Chinese markets, fueled by investments in renewable energy, EVs, and data centers.
- Nickel prices fell by 45% on the London Metal Exchange and 46% in China last year, driven by a supply surge from Indonesia and China and demand concerns relating to nickel substitution in EV batteries.
- While aluminum’s feedstock is widely available, its energy-intensive and high-cost production process makes maintaining a stable supply challenging.
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3 Metals To Watch