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01 Jun

Nornickel forecasts higher-than-expected nickel oversupply

Russian miner Nornickel estimates a higher-than-expected surplus in the global nickel market this year, mainly led by growing production of low-grade nickel in Indonesia. The company, which claims to be the world’s largest high-grade nickel producer, says that “Indonesia is creating a supply glut and losing potential revenue by selling the country’s nickel resources at substantial discounts”. It revised its 2023 forecast upwards from a 11…
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Svetoslav Abrossimov  |  Bulgaria
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