10
Feb
02:44
ANZ maintains nickel year-end target at $25,000/t
ANZ Research has maintained its year-end nickel target at $25,000/tonne as it foresees nickel prices trending lower in 2023 on oversupply, Kallanish notes.
The research house says in a note that it expects the global nickel market to move into a small surplus of 55,000 t in 2023. However, it sees some upside risk to the surplus considering the incentive for additional supply to enter the market remains high.
“We have kept our demand forecast unchanged …
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