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26 Apr
11:02

Stainless market recovery to drive nickel demand: Eramet

Stainless steel consumption in China is expected to improve in the second quarter compared to Q1, driving global demand for nickel. Global primary nickel supply should also increase, in line with rising nickel pig iron (NPI) production in Indonesia and the continued ramp-up in new projects, says French miner Eramet. The nickel market’s surplus should continue in 2024 due to the low number of permits issued by the Indonesian government, which is causing tensi…
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