PRECIOUS METALS | Market Volatility and Inflation Concerns Pressure Nickel Prices

The ongoing conflict between the United States and Iran has heightened market risk aversion, according to Jin10. This has intensified concerns about inflation, reinforcing expectations for interest rate hikes by the U.S. Federal Reserve. As a result, the non-ferrous metals sector has faced significant pressure. Additionally, the persistent surplus in refined nickel fundamentals has contributed to the downward pressure on Shanghai nickel prices.