Research firm BMI has revised downward its nickel price forecast for this year to $20 000/t from $20 600/t as the market remains in a supply glut.

Shareholders of the Company are advised that the European benchmark ferrochrome price for the first quarter of 2024 has been settled at 144 US cents per pound, a decrease of 5.9% from the fourth quarter of 2023.

Nickel prices reached their lowest point in over two and a half years on Thursday due to persistent worries about oversupply putting pressure on the market.

Shareholders of Merafe Resources are advised that the European benchmark ferrochrome price for the fourth quarter of 2023 has been settled at 153 US cents per pound, an increase of 1.32% from the third quarter of 2023.

Noble Alloys Market Weekly（07 Aug-11 Aug）Vanadium Market Price Kept Stability, Moly Mine High Offer Released and Ferromoly Price Increasing Sharply, Tungsten Long Market Price Kept Iecreasing Slightly

Noble Alloys Market Weekly（07 Aug-11 Aug）Vanadium Market Price Kept Stability, Moly Mine High Offer Released and Ferromoly Price Increasing Sharply, Tungsten Long Market Price Kept Iecreasing Slightly

Noble Alloys Market Weekly（07 Aug-11 Aug）Vanadium Market Price Kept Stability, Moly Mine High Offer Released and Ferromoly Price Increasing Sharply, Tungsten Long Market Price Kept Iecreasing Slightly

Noble Alloys Market Weekly（17 July-21 July）Vanadium Market Price Kept Stability Weakly, Moly Mine Offer Released and Ferromoly Price Increasing, Tungsten Long Market Price Kept Decreasing