What impact does the decline in nickel prices have on consumers?
Why the Price of Nickel Fell 7 Consecutive Weeks
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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.
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What are the potential future implications of the current bear market for nickel?
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