14
Sep
17:13
NICKEL, COPPER: Nickel supply to outstrip demand in 2022: Moody's
The explosion in demand for nickel from the electric vehicle sector will not be enough to overcome a supply glut in 2022, though prices should remain historically elevated, Kallanish gleans from a Moody’s report.
The crucial stainless steel and battery input saw its price rise to $19,000/tonne in August, up 40% from its 2020 average.
“Our base-case price scenario assumes strong 15% growth in demand from stainless steel in 2021, comprising about 70% of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous