[Ferro-Alloys.com] 

Nornickel says sees global nickel surplus of 150,000t in 2024-2025

Russia’s Nornickel, the world’s largest producer of palladium and a major producer of refined nickel, said on Tuesday it sees the global nickel market maintaining a surplus of 150,000 metric tons in 2024-2025.

The market surplus in high-grade nickel was mainly due to the inflow of cathode nickel from China, the company said.

Nornickel is not subject to direct Western sanctions, though sanctions against Moscow have prompted some Western producers to avoid buying Russian metal and complicated payments, leading Nornickel to redirect sales to Asia.

• [Editor:ÐÏÑÇÃô]