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Nickel: Prices sustain supply - but can demand?
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Report summary
As part of the Indonesia Energy & Natural Resources Virtual Series, our Senior Research Manager for Nickel Industry Costs, Angela Durrant delivered the attached presentation on 1 July. Key themes include the impact of Covid-19 on the nickel market in the year to date and our expectations for demand, supply and prices over the remainder of 2020 and into the mid-term. The presentation highlights why we haven't seen more supply response from producers and why future demand for nickel will be supported by China more than any other region during the recovery period post-pandemic. The presentation materials are based on data from the Q2 2020 Nickel Long-Term Outlook and the Q2 2020 Nickel Industry Costs Update.
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