Nickel Stockpiles Should Rebound as Market Shifts to Surplus

Bloomberg reports declining nickel stockpiles monitored by the LME will rebound as the market for the metal shifts to surplus this year.

The market news is quoted as saying,

Nickel is the only base metal traded on the LME to record a decline in its inventories this year. Refined nickel usage exceeded output by 24,000 metric tons in the first half, according to estimates by Barclays Capital.

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