In the Trough of Nickel Cycle: Value Regress Perceived in Lygend Resources (2245.HK)
In the Trough of Nickel Cycle: Value Regress Perceived in Lygend Resources (2245.HK)
- In the Trough of Nickel Cycle: Value Regress Perceived in Lygend Resources (2245.HK)
Nickel prices remained at a low position in 2023, posing a serious challenge to the global industrial chain. - Nickel Asia Corporation, a nickel producer from the Philippines, reported a decrease of 53% YoY in net profits in fiscal year 2023.
- The general downturn of the nickel industry in 2023 reflects the fact that the global oversupply of nickel has not changed in the past two years.
- On the other, the nickel supply-demand situation has seen predictions for marginal improvement, and this will surely boost nickel price.