Mixed signals seen for nickel premiums in '13
Oct 24, 2012 | 04:31 PM
| Thorsten Schier
Tags
nickel,
premiums,
melting grade premium,
plating grade premium,
Thorsten Schier
NEW YORK — There are mixed signals ahead for nickel premiums, with those for melting-grade material seen weakening while plating grade is said to be in store for a pickup.
Early indications are that contract premiums for melting-grade nickel will weaken slightly next year, with sources pointing to supply that is more than adequate and demand that is essentially flat from such end-use segments as stainless. Meanwhile, plating-grade premiums are seeing some pickup as consumers are worried about the eventual shutdown of Vale SA’s nickel refinery in Thompson, Manitoba, sources told AMM.....
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