May 2011 | Ferro-alloys
Expected H2 2011 price adjustment brought forward: Nickel Highlights
LME stocks have provided an ever-present source of support for nickel this year, but we are now approaching the point where seasonal increases are common, especially now that we have a background of rising supply and fragile demand.
Our view on nickel has been that the global market will largely be in deficit throughout the first half of the year and will slip into surplus in the second half. The swing will be mainly supply-driven, as the ramp-up of new and restarted projects (such as Onca Puma, Barro Alto and Falcondo) gains traction, as the impact of recent disruptions (most significantly...
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