Media, page-2844

Another very recent (24.6.24) expert commentary that the CY 2024 Ni expected surplus may be much less than other Ni experts, since early 2024, have been predicting. Thanks @Abacoolloo for this steelnews.com link- Post #:74472305

steeelnews.com, 24.6.24, said that:-

. at the end of April 2024, there might be only c. 20000 mt of "additional' (ie surplus) Ni available on the LME, amongst non-Russian supply in the LME

("Old, pre-ban" Russian Ni supplies- currently c.24500 mt in the LME; new Russian Ni has been banned by he EU, UK, USA etc. from 21.4.24).

. the LME figures, which are used by experts to predict surpluses or deficits of Ni, "grossly inflate" Ni supplies, & should be "corrected downwards" by c.24000 mt

. the LME figures do not distinguish between Class1(sulphides) & Class 2 Ni (mainly laterites).