BASE METALS

Nickel flood warning contradicts earlier boom alerts

Farmers know that a flood often follows a drought, a natural turn of the cycle which might also be occurring in the red-hot market for nickel where global output of the metal is tipped to rise this year at a price-depressing 16%.

Tim Treadgold
Nickel flood warning contradicts earlier boom alerts

  In what looks to be a textbook case of supply rushing to meet demand, Macquarie Bank has calculated that there is an extra 419,000 tonnes of nickel likely to be produced this year with much of it...

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