Metals News
There is a shortage of 28000 tons of nickel in the global nickel market in 2020 in Nornickel:, Russia.
translation
06:46AM
Nov 19,2019
Source:Wenhua Finance and Economics
The content below was translated by Tencent automatically for reference.

Nornickel, a Russian mining giant, said Monday it expects the global nickel market to be short of 28000 tons in 2020.

The company said it expected a shortage of 57000 tons in the global nickel market this year.

The company said it expected demand for high-grade nickel to increase in Europe as local stainless steel producers had adjusted the raw material structure.

The company also said it expected demand for nickel in the automotive battery industry to increase as there was expected to be a structural gap between supply and demand in the global nickel market after 2020.

NORILSK also said it was sceptical about the idea that Indonesia's new nickel and iron production would be enough to meet long-term demand.

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