Nickel supply surplus over the next two years will keep nickel prices lower, according to the Australian government’s latest Resources and Energy quarterly report. The LME nickel price, which is forecast to average about USD23,000/mt in 2023, respectively USD...

May 17 - The latest report released by the World Metal Statistics Bureau (WBMS) shows that in March 2023, the global refined nickel production was 233,100 tons, and the consumption was 227,500 tons, a supply surplus of 5,600 tons. Global nickel ore production ...

Russian Nornickel expects primary nickel demand rise to 3.35mn t in 2023.

"Pretty much everyone accepts the current level [of premiums] is the new reality", a trader said.

This has been a year of crisis for the nickel market.

Australian resources firm IGO has resumed mining and processing nickel following a 3 December fire at its Nova operation in Western Australia (WA).

Redwood Material has signed a deal to supply Japanese battery maker Panasonic with high-nickel content cathode materials for the a planned Kansas plant according to Redwood.

Fastmarkets sources continued to insist that prices were in parity, as rare as the phenomenon is.