Bank tells a tale of two nickels

RISING demand for pure, refined nickel (Class 1) and a weaker outlook for nickel pig iron, nickel ore and nickel containing scrap (Class 2) are raising prospects for a near-complete decoupling of the two segments, Bank of America Merrill Lynch suggests.

Bank tells a tale of two nickels Bank tells a tale of two nickels Bank tells a tale of two nickels Bank tells a tale of two nickels Bank tells a tale of two nickels

BofAML sees a potential complete decoupling of Class 1 and Class 2 nickel

The bank's global metals research team said an ongoing bifurcation of fortunes in the nickel market could continue for several reasons, including a fundamental backdrop for the stainless-steel