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Barchart
Barchart
Cesar Marconetti

European Commodities: Why the Pullback in Nickel Prices Might Be Short-Lived

We start this week with a look at Nickel 3M Cash (P8Y00), down -7.64%.

The French New Caledonia overseas territory is holding about 20-30% of the world's reserves, and recent political turmoil has produced a sharp rise in recent months. As France is lifting the state of emergency and dialogue is coming back, transit of goods is recovering. It still remains to be seen what impact will have in the mining sector.

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