02
Apr
04:28
Excess supply to keep nickel prices below $19,000/t
Excess global supply could keep prices below $19,000/tonne for next few years, Kallanish notes from an Australian government report.
The Department of Industry, Science and Resources says in its quarterly report that with solid growth in mined and refined supply projected to continue, and slowing demand in the near term, the resulting oversupply will limit nickel prices in 2024.
The LME nickel price is expected to average $17,000/t in 2024, and is forecast to ave…
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Anonymous
Very good overview of the weekly steel market.
Anonymous