19
Dec
00:18
Global surplus to pressure nickel prices into 2024: report
The surplus in the global nickel market is expected to stretch into 2024, with prices forecast to drop to average around $18,000 per tonne, from an estimated $21,200/t price this year, according to Australia’s industry ministry.
In its latest Resources and Energy quarterly report, the ministry says the supply glut seen since 2022 should reach its peak in 2023, at about 230,000 t. This follows the recent expansion of nickel refining capacity in China and Ind…
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Anonymous
Very good overview of the weekly steel market.
Anonymous