21
Mar
01:51
BMI revises down 2024 nickel price forecast
BMI Country Risk and Industry Research has revised down its 2024 nickel price forecast as global nickel production surges, driving up the market surplus, Kallanish reports.
The research house says in a note that it has downgraded the nickel prices to $18,000/tonne, from $20,000/t previously.
BMI anticipates that a significant increase in supply in 2024 (as seen in 2023), fed by heightened production in Indonesia and China, will be the core driver of price losses.…
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