Copper prices stabilize near record levels
Nickel prices are showing stability after approaching a record high, with short-term supply shortages remaining a concern despite easing market congestion last week. Since the beginning of the year, nickel prices have risen approximately 15% due to large shipments to the United States and depletion of inventories, along with pressures on mine production. Although the price difference between spot and futures contracts has narrowed, it remains high, reflecting ongoing strong demand for the metal amidst supply challenges.
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