Why the Price of Nickel Fell 7 Consecutive Weeks

The video discusses the decline in nickel prices over seven consecutive weeks, marking the longest losing streak since 2001. Nickel's entry into a bear market is influenced by factors such as Indonesia's export ban and China's slowing demand. Despite rising inventories, lower nickel prices benefit consumers like carmakers and appliance manufacturers. The video concludes with speculation on future price trends.

What is the current price of nickel per metric ton?

• 12,000 dollars

• 16,000 dollars

• 10,000 dollars

• 14,000 dollars

Which country is the largest producer of nickel?

• Philippines

• Indonesia

• Australia

• China

What has been the impact of China's slowing economy on nickel?

• Increased production

• Stable prices

• Increased demand

• Decreased demand

Who benefits from the lower costs of nickel?

• Textile industries

• Gold miners

• Carmakers and appliance manufacturers

• Oil companies

What is the current trend of nickel in the market?

• Stable market

• Bear market

• Volatile market

• Bull market