Global nickel mart facing return to deficit after 2015

Apr 30, 2013 | 11:13 AM | Daniel Fitzgerald

Tags  nickel, surplus, Norilsk Nickel, Dmitry Kuznetsov, Eramet, Jerome Baudelet, Macquarie, Jim Lennon

TORONTO — The global nickel market should move back into a supply deficit after 2015 due to a lack of new mining projects coming online, attendees at the International Nickel Conference of AMM sister publication Metal Bulletin were told.

Dmitry Kuznetsov, chief analyst at Russia’s MMC Norilsk Nickel, estimated the global nickel surplus at 72,000 tonnes this year, with the trend likely to tail off in the third and fourth quarters.

Nickel consumption in the Americas will increase by 3,000 tonnes to 183,000 tonnes in 2013, with China accounting for 47 percent of that total, he said at the Toronto event.....





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