Commodity Market Report
Global nickel short-term outlook January 2024
Report summary
Nickel prices respond to the push and pull of underlying oversupply and a growing list of production disruptions. More cuts in supply are likely not least in New Caledonia, where the fate of the three processing plants hangs in balance. Meanwhile accidents in Indonesia bring health and safety into the election spotlight, which could trigger supply outages in the months ahead. In stainless, markets remain challenging and it will be some time before volumes return to anything like normal.
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