Insight
Redefining the nickel market
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Report summary
Oversupply in all nickel products highlights that using a global total nickel balance for price forecasting is currently not fit for purpose. As NPI and nickel sulphate are not deliverable to the LME, how relevant are the current surpluses in both to the LME price? Look at Class I only, and price trends then appear to make more sense.
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