Nickel prices continue to be low, with Indonesia claiming to be controlling production capacity to balance market supply and demand.
Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia stated on Friday (October 18) local time that the country is controlling the amount of nickel ore produced by its mining companies to balance market supply and demand.
"Buy more as it falls!" Traders take advantage of the price drop to stock up, and the nickel industry may enter a phase of bottoming out | New cycle of csi commodity equity index
1. Some traders have indicated that the nickel price has already dropped to the psychological bottom range, and they are beginning to stock up on low stock price; 2. Currently, high-cost nickel production capacity is gradually being cleared out globally; 3. The future nickel price has limited downside potential, and may experience a phase of bottoming out.
Sustainability Column: How is the Chinese market for geothermal power generation, which Buffett is interested in?
The electric energy hidden underground is becoming a clean resource mine in the eyes of technology giants and conglomerates.
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