Next nickel boom may not be too far away: Macquarie

“Even after allowing for weaker demand growth and higher nickel pig iron production than previously expected, our global nickel supply/demand balance still points to the emergence of a significant deficit between supply and demand in 2015,” it said.

There is a potential for a sharp rise in Chinese primary nickel imports in 2015 compared to 2014 because a significant portion of Chinese primary demand has been met by destocking this year, Macquarie said.

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