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24 May

Nickel market ‘back to balance’: Macquarie

The fundamentals of nickel have improved from the metal’s price crash last year to rebalance the near-term market, according to analysts at Macquarie Group. The increasing production of high nickel stainless steel in China and Indonesia, a slowdown in the growth of Indonesian nickel pig iron, and over 300,000 t/y of nickel supply reductions have helped rebalance the markets, the analysts say. Recent years saw a “significant under-reporting” of C…
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