Nickel Surplus to shrink in 20216 Nov 2020 08:03
Global nickel surplus to narrow in 2021 as demand rebounds β Antaike
The surplus in the global nickel market this year is set to narrow in 2021, research house Antaike said on Thursday, as a
rise in consumption of the metal used in stainless steel and electric-vehicle batteries outpaced production growth.
Antaike, the research arm of the China Nonferrous Metals Industry Association, sees primary nickel in a surplus of
118,000 tonnes this year, following a coronavirus-led drop in consumption from 2019, when the market was in a 31,000-
tonne deficit, according to analyst Chen Ruirui.