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Nickel market will be in deficit in H2 2014 – Macquarie

Posted on 11 April 2014

The nickel market will be in deficit in the second half of 2014 with no end to the deficit in sight, analysts at Macquarie said, revising their initial prediction that the market would remain in a surplus this year.
The nickel market will then see “enormous deficits” in 2015-18 on the Indonesian ore export ban, the analysts said in a note. Indonesia enforced a ban on unprocessed raw materials exports on January 12, causing higher prices for nickel ore, rising costs for nickel pig iron (NPI) and higher prices and premiums for refined nickel………………………………………..Full Article: Source


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