18
Jan
14:05
Nickel surplus to narrow despite increased supply: BNEF
Faster battery demand growth than nickel supply will result in a narrowing global nickel surplus in 2021, according to BloombergNEF (BNEF). This could potentially have a knock-on effect on stainless steel prices, Kallanish notes.
Global nickel supply should increase 12% on-year in 2021, but battery demand is seen surging 65%, resulting in a 30% smaller surplus in nickel than what BNEF estimated for 2020. “Delayed Class 1 nickel projects will boost supply in …
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Anonymous
Very good overview of the weekly steel market.
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