Nickel: Correction finally underway

October 22, 2019 / www.metalbulletinresearch.com / Article Link

Indonesia leading global mine supply surge... The latest data from the International Nickel Study Group (INSG) showed strong growth of 8.1% in global nickel mine output in the first eight months of 2019 compared with the same period of last year. Indonesian nickel miners continued to boost output aggressively, with 28.6% growth in the country over the reporting period. ...and will likely only accelerate in Q4 If anything growth in Indonesian mine output is likely to accelerate in Q4 given further NPI capacity ramp-ups and a rush to maximise ore export quotas before shipments abroad are banned again from January 2020. Struggles by Philippine...

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