Nickel: Is it heading back to balance?
In recent years the increase in nickel output from Indonesia has been the overriding theme on the supply side of the nickel industry. The ability of Chinese companies to get HPAL to work so much better and so much more economically than their western counterparts has caused huge growth in nickel output, which resulted in a collapse in nickel prices and hence in profitability for many nickel producers elsewhere in the world. This has resulted in large scale shutdowns of capacity, nowhere more so than in Western Australia, previously a key centre of nickel production. Nickel demand continues to grow...
Topics
China
closures
Demand
Grades
HPAL
Indonesia
IRA compliance
Laterite
Nickel
NPI
Production growth
Sulphide
