09
Oct
05:54
INSG forecasts nickel surplus for next three years
The International Nickel Study Group (INSG) has forecast nickel surpluses for the next three years, as global production outpaces demand, Kallanish reports.
The implicit market balances are surpluses of 104,000 tonnes in 2022, 223,000 t in 2023 and 239,000 t in 2024, INSG says in a new release.
Historically, market surpluses have been linked to LME deliverable/Class I nickel, but in 2023 and 2024 the surplus will be mainly related to Class II and nickel ch…
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Anonymous
Very good overview of the weekly steel market.
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