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Maroc Maroc - WN.COM - Americas - 18/Nov 18:10

Nickel price struggles under weight of Indonesian supply surge; is a rebound possible?

Nickel stands out as the underperformer among key base metals this year, with a significant supply glut pushing prices down and challenging the profitability of the industry. The primary driver of this market dynamic is a massive increase in supply, particularly emanating from Indonesia, according to a Commerzbank AG report. Indonesia has cemented its role as the dominant global mine producer, progressively expanding its lead in recent years. This surge in raw material output has been mirrored by an increase in processed metal.Supply and demand Global primary production saw a strong 5% increase and is “expected to...

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