Nickel prices remained above US$10,000/t through October, partly through improved demand fundamentals but largely because the market is awaiting confirmation that more mines will close in the Philippines. Meanwhile, Indonesian NPI continues to ramp up. Demand for nickel remains strong in China due to increased stainless output. This is being driven by substantial expansion and greater export demand but questions remain on sustainability.
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As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.
This Nickel Short Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.
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Commodity market report | Oct 2016
Global nickel short-term outlook October 2016
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