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Global nickel demand might be 15% higher year over year in 2021...

  1. Sunny6991
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    21/10/21
    06:11
    Post #: 56954078

    Global nickel demand might be 15% higher year over year in 2021 due to very high stainless steel demand, Hamilton said.“Nickel pig iron production costs are at the highest levels that we have seen since 2014 because of increased energy costs as well as logistics costs for ore shipments,” Hamilton said.While the People’s Bank of China have said that they would no longer provide funding for any coal-fired nickel plants, batteries and the stainless sectors kept Hamilton optimistic on that base metal’s outlook.“Battery recycling will continue to grow later in the decade. That will also be a source of nickel supply units,” he noted.

    Last edited by Sunny6991: 21/10/21
    NIC Price at posting: $1.05 Sentiment: Buy Disclosure: Held
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