25
May
15:37
Nornickel expects nickel demand growth, but still surplus
Russian miner Nornickel foresees global refined nickel demand growth of 17% on-year in 2022 to 3.17 million tonnes. This scenario reflects the current price environment, high inflation in the world’s leading economies and global macroeconomic uncertainty, the firm says in a new nickel market overview.
The nickel market is expected to run a moderate surplus of around 40,000 tonnes in 2022, mostly low-grade nickel. This leaves Nornickel’s previous f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous