05
Oct
04:26
Nickel prices to trend lower on continued surplus: Australia
London Metal Exchange (LME) nickel price is forecast to average about $22,000 a tonne in 2023, according to the Australian government’s latest Resources and Energy quarterly report seen by Kallanish.
A near-term global surplus is forecast to see prices fall further – to around $20,200/t in 2024 – before a tighter global supply and demand balance helps prices recover to roughly $21,500/t by 2025. Yet, an oversupply in the global nickel market…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous