1. Nickel Price Increase: The approval of the license issue from Indonesia's RKAB has led to a rise in nickel prices in both domestic and international markets. This is evident in today's LME Nickel prices.
2. Interest Rate Outlook: According to JP Morgan and market expectations, there is over an 80% likelihood that the Federal Reserve will lower the bank interest rate. This move benefits major market indexes. Additionally, the resulting cash flow impact is starting to influence stainless steel prices, which may lead to a short-term increase.
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