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05 Jul
05:49

Australia sees oversupply curbing nickel prices

Solid growth in mined and refined supply is projected to continue through to 2026. The Australian government says that the resulting oversupply is likely to contain nickel prices through that period. Kallanish notes from the Department of Industry, Science and Resources' quarterly report that the London Metal Exchange (LME) nickel price is expected to average $18,400/tonne in 2025, and around $18,800/t in 2026. Meanwhile, the benchmark LME nickel price i…
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