| Supply cuts are required if the global nickel market is to see any sign of a meaningful price improvement, Deutsche Bank said Tuesday in its fourth quarter commodity update. "Historically many of the producers have held on, hoping that demand and prices would come to their rescue. We think this is unlikely in the short-term, and curtailments will be required to see any meaningful price improvement," the bank said.
Deutsche Bank estimates that around 50% of the industry is loss-making at current price levels and this includes most of the low cost Chinese nickel pig iron (NPI) producers...............................................Full Article: Source
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