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21 Feb

BHP expects nickel surplus to continue despite strong demand

BHP said on Tuesday it expects an aggregate surplus of around 200,000 tonnes of nickel this year, despite solid demand from stainless steel and another steep increase in EV battery demand, Kallanish reports. The Australian mining giant believes the short-term outlook will be surrounded by key uncertainties: global growth outlook; the EV sales outlook; and the possibility of innovations in the Sino-Indonesian industrial ecosystem. The latter refers to potential wa…
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