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Home: Indonesia, the puzzle of nickel s competing narratives

Home: Indonesia, the puzzle of nickel’s competing narratives Nickel smelter. (Photo by Marcelo Coelho – Vale) (The opinions expressed here are those of the author, Andy Home, a columnist for Reuters.) The global nickel market recorded a supply-demand surplus of 108,000 tonnes last year and is on track to record another 45,000-tonne surplus this year, the International Nickel Study Group (INSG) found. Sign Up for the Australasia Digest Sign Up Most analysts seem to agree. Reuters’ quarterly poll, out on Thursday, showed a median forecast that refined nickel supply will exceed demand by 31,000 tonnes this year and 66,500 tonnes next year. Such assessments feed into a bearish price landscape, with the poll generating a median London Metal Exchange (LME) cash forecast of $16,904 per tonne this year and $16,500 in 2022. LME three-month nickel is trading around $17,615.

Indonesia, the puzzle of nickel s competing narratives: Andy Home

Article content LONDON The global nickel market recorded a supply-demand surplus of 108,000 tonnes last year and is on track to record another 45,000-tonne surplus this year, the International Nickel Study Group (INSG) found. Most analysts seem to agree. We apologize, but this video has failed to load. Try refreshing your browser, or Indonesia, the puzzle of nickel s competing narratives: Andy Home Back to video Reuters’ quarterly poll, out on Thursday, showed a median forecast that refined nickel supply will exceed demand by 31,000 tonnes this year and 66,500 tonnes next year. Such assessments feed into a bearish price landscape, with the poll generating a median London Metal Exchange (LME) cash forecast of $16,904 per tonne this year and $16,500 in 2022. LME three-month nickel is trading around $17,615.

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