Most metals in London fell, nickel mines at domestic and abroad were flat, and ferronickel prices rose.
The U.S. dollar index continues to strengthen, which is negative for non-ferrous metals. The new production capacity of domestic pure nickel and Indonesian high-nickel products has increased, leading to an intensified risk of structural excess.
Domestic pure nickel imports have increased, and the pressure on nickel supply growth still exists. Nickel inventories continue to be low, and the Indonesian government's investigation of the clean government of the Ministry of Energy and Mines has led to expectations of a reduction in the supply of nickel mines, which has some support for nickel prices.
The minutes of the meeting released by the Federal Reserve showed that officials were divided on whether to raise interest rates more. It is expected that prices may fluctuate sharply in the short term, mainly in a wide range.
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