The markets show potential for a turnaround: Investment and consumption restraint will end soon. Metal markets continue to rally, with nickel leading the way with a price advance of over 5% on the first trading day of the LME. On the one hand, this has to do with the weak US dollar, but on the other hand also with a forecast shortage of the metal. Metal scrap is becoming partly scarce because production, e.g. in aircraft and shipbuilding industry, has been cut back sharply. An improving economy will go along with reduced inventories and price increases will be the result.
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