MINER'S RIGHT

Nickel's next crisis, oversupply

Legal and financial problems entangling the nickel market run by the London Metal Exchange are masking a potentially more significant development - a falling nickel price caused by record production which has flipped a deficit into a surplus.

Tim Treadgold
Nickel's next crisis, oversupply

The 22% price drop from US$31,200 a tonne three months ago to latest trades at $24,385/t is a direct result of a boom in nickel output which is being driven by Chinese investment in new mines and processing...

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