This week we review the highlights of our Nickel Spotlight report published late last week in which we put the key bullish and bearish drivers of the market this year into perspective. Bullish Since the 2016 low at $7,550 per tonne, LME nickel has traded within a succession of higher highs and lows. It has been no different this year. We expect nickel’s robust fundamentals to continue supporting this trend and keep any pullbacks orderly. According to the latest INSG statistics, there was a global deficit of 48,200 tonnes in the first seven months of 2019. Although it has narrowed considerably from the 100,900-tonne deficit...
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