Nickel prices have been rising since April, despite most fundamentals running contrary to that trend. Even looking beyond the anticipated demand recovery post-Covid, we see a market in structural oversupply through most of this decade. Is there an alternative to this scenario? Or is nickel doomed to repeat the dysfunctional dynamics on show between 2007-2015, which left a cumulative overhang of 1.1 Mt of metal stocks and yet still we saw an average price of US$20,000/t over that period?
In this webinar, we assess the reasons contributing to why prices have moved up this year – and what might curtail that trend - by covering:
- The China-Indonesia nickel and stainless production growth story
- How near-term trade patterns of nickel products could be impacted by China’s determination to become self-sufficient
- Why nickel producers ex-China should want vehicle electrification to come sooner – and be more widely adopted
Join Adrian Gardner, Principal Analyst, Nickel Markets as he presents the nickel team’s current outlook.