The global nickel market deficient further widened to 11,200 tonnes in May 2020- says the International Nickel Study Group (or INSG).
- The deficient is mainly led by low prices weighing on refined output from top Chinese producers.
- Furthermore, INSG assesses that strong production from Indonesia and the Philippines might have offset some deficient, and the global nickel supply is poised for a strong recovery.
- However, Indonesia export ban could provide cushion to prices ahead.
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