Norilsk raises nickel deficit forecast for 2016 as price slumps

Posted on August 31, 2015 by Nanthakumar Victor Emmanuel, P.Eng One comment

Opening Of Western Areas NL's Tim King Pit Nickel Mine At Spotted Quoll

The global #Nickel deficit will be at 60,000 metric tons in 2016 and the market will likely be balanced in 2015, according to #Norilsk. In its previous market update in March, the producer saw a deficit of 20,000 tons this year that would widen to 55,000 tons in 2016.