Nickel Market Misunderstood, Restocking Likely

Platts reported Citigroup says the global nickel market is basically misunderstood with consumer restocking likely to lift prices in the first quarter of 2013.

As quoted in the market news:

The bank said nickel prices had suffered this year due to a “fundamental” misunderstanding that suggests a significant surplus of new production coming on stream.

But it said this forecast surplus is unlikely to appear in the near-term.

Click here to read the full Platts report.