Norilsk Nickel is expecting investor positions to be the main driver of price movements this year, rather than industrial demand. Norilsk Nickel is the world's largest producer of nickel and palladium.
Flat steel prices rose in Europe and US markets with bullish sentiments prevailing after the Christmas and New Year Break in the month of January 2012, according to a monthly review of steel market by The Steel Index.
The world's biggest producer of aluminium-RUSAL, is expecting demand to slow down in 2012. The company expects global demand to grow by only 7% this year compared to a 10% growth last year.
London Metal Exchange base metal prices showed a mixed trend on last week. LME copper advanced 0.82% to $8590 a metric ton on Friday. Except copper, lead, tin and zinc all other base metal prices futures heading in negative direction.
