Russian mining and metals giant Nornickel has raised its global nickel surplus estimate for the current year due to lower than expected consumption in the battery sector, the company said in a market report.
The current market scenario is expected to remain same for some time reflecting soft demand of Ferro Alloys against minimum production of steel in the market. On the other hand, selling price is lower than the costing
of Ferro Alloys due to high production c...
The global nickel market had a surplus of 23,900 metric tons in September, up from a surplus of 14,200 tons in the same month of last year, data from the International Nickel Study Group (INSG) showed on Wednesday.