Tag: Nickel supply-demand

Sumitomo Metal Mining projects a surplus of 151,000 tonnes (t) in the global nickel supply-demand balance for 2024, following an oversupply of 120,000 t in FY’23. Despite anticipated growth in stainless steel and battery demand, the continued increase in nickel-containing pig iron (NPI) production in Indonesia is expected to contribute to the surplus, potentially affecting…