Nickel prices dropped sharply in July, erasing the gains from the previous quarter. The Stainless Monthly Metals Index (MMI) also declined.
The Stainless Monthly Metals Index (MMI) fell by 4.47% from July to August.
Nickel prices continued to drop throughout July, losing another 4.43%. They stabilized slightly in early August but stayed near early 2024 levels, wiping out last quarter’s gains.
Japan
