KONTAN.CO.ID – JAKARTA. The performance of PT Vale Indonesia Tbk (INCO) is projected to decline in 2024 compared to 2023. This is due to the falling nickel prices caused by oversupply. Research Analyst MNC Securities Alif Ihsanario said, the sentiment overshadowing nickel miners is the condition of oversupply from aggressive downstream efforts in Indonesia. The oversupply is due to the piled-up supply chain inventory, coupled with the sluggish economic pulse from China that caused prices to plummet. “The puzzle of this oversupply is expected to continue at least until 2025,” he wrote in his research, Tuesday (20/2).
The Performance of Vale Indonesia (INCO) Predicted to Slow Down in 2024
KONTAN.CO.ID – JAKARTA. The performance of PT Vale Indonesia Tbk (INCO) is projected to decline in 2024 compared to 2023. This is due to the falling nickel prices caused by oversupply. Research Analyst MNC Securities Alif Ihsanario said, the sentiment overshadowing nickel miners is the condition of oversupply from aggressive downstream efforts in Indonesia. The oversupply is due to the piled-up supply chain inventory, coupled with the sluggish economic pulse from China that caused prices to plummet. “The puzzle of this oversupply is expected to continue at least until 2025,” he wrote in his research, Tuesday (20/2).