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Nickel, zinc prices seen extending their rally amid production cuts: Motilal Oswal


Nickel, zinc prices seen extending their rally amid production cuts: Motilal Oswal

Nickel and zinc prices likely to extend their rally amid production cuts buy top producers. There can be a 3-5% upside in the next couple of weeks.

On the London Metal Exchange (LME), we expect zinc to inch towards $2,720-2,740 per tonne, whereas nickel can touch $13,500-13,700, says Navneet Damani, VP-Commodity Research, Motilal Oswal Financial Services (MOFSL).

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