Minmetals Futures: Short-term nickel prices expected to fluctuate mainly within a wide range

After a second decline and stabilization of precious metals and risk asset prices, there is short-term rebound potential, but nickel still faces fundamental pressure. In the short term, nickel prices are expected to fluctuate within a wide range. On the evening of February 10, Tri Winarno, Director General of Minerals and Coal at ESDM, revealed that the approved nickel ore production quota is between 260 million and 270 million tons. This quota is close to market expectations and is expected to have limited impact on nickel prices. (Wukuang Futures)