BASE METALS

Aluminium, nickel seen in surplus as zinc to tighten

Aluminium and nickel are expected to be in surplus for the next two to three years as capacity additions keep supply running ahead of demand, while a drawdown of inventories over the past decade could tighten the balance for zinc, analysts said at the LME Asia Metals Seminar in Hong Kong on Tuesday.

Shi Weijun
 Zinc-ingots.jpg

Zinc-ingots.jpg

After running a supply deficit for the past two years, the global aluminium market will flip to a marginal supply surplus this year and into 2024-2025 as expanding output looks set to outrun demand growth....

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