LME nickel continued decline

LME nickel continued its decline on Wednesday as investors think recently gain is mainly driven by speculators rather than supply and demand.

Last week, the nickel rose 10%, when the LME industry conference was held, the outlook from the electric car industry increased demand make some investors excited. But analysts said demand from the electric car industry will take several years to get started, meanwhile Indonesia is boosting nickel ore exports.

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