Nickel supply to become tight in 2016, says International Nickel Study Group
The world primary #Nickel usage is expected to grow further in 2015 and 2016. The usage which had totaled 1.863 Mt in 2014 is likely to increase to 1.905 Mt in 2015 and to 1.965 Mt in 2016. The consumption in #China is estimated to remain at high levels during 2015 and 2016. As worldwide consumption increases, the supply balance is expected to turn to a state of tight supply in 2016.
According to #INSG, the major shift in economic policies by China and the potential interest rate hike by the #US Fed are likely to have huge impact on the #WorldEconomy.
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