Supply to Send Nickel Lower Medium Term

Reuters Africa reported Wood Mackenzie said the global nickel market will move into over-supply from 2012/2013, pushing prices lower.

As quoted in the market news,

With a total of some 300,000 tonnes a year of capacity recently started up or planned, a move into a sustained period of supply surplus has been anticipated for the past three years.

But delays to projects, particularly those using high pressure acid leach (HPAL) technology, have forced analysts to defer the predicted timing on several occasions.

Click here to read the full Reuters Africa report.