Copper and Nickel Face Cooling Demand

Via Metal Miner Overall, the Stainless Monthly Metals Index (MMI) rose 3.89% from May to June. The nickel price mirrored other base metals, finding a peak on May 20 before inverting to the downside. By the close of June 20, nickel prices had fallen over 19%, returning to their lowest level since early April. That said, they remain 4.24% above their Q1 close. Stainless Market Rolls into Summer with Slow Demand Market sources showed little optimism about the current state of the stainless market as demand for 304 cold rolled stainless steel reportedly…