Nickel returned to US$12,925 per ton on Friday (Feb 22) in London Metal Exchange (LME). More nickel giants came up with their estimation that primary nickel demand significantly exeeded supply, thanks, among others, to the fast growing electric vehicle (EV) market. Glencore, for example, predicted cumulative deficit of well above 400,000 tons in the past three years despite growing output of nickel pig iron (NPI) in Indonesia.To subscribe please click here
