Norilsk sees nickel prices firming, supply deficit in 2015

Russian metals producer Norilsk Nickel believes the LME nickel price is “bottoming out” and is bullish on the alloying metal as the Indonesian government has said it is committed to keeping its ore export ban in place.

Commenting on its outlook in its results statement for 2014, the company said it expects nickel supplies to move into a deficit of about 20,000 tonnes in 2015, after a surplus of 93,000 tonnes in 2014. It expects the deficit to widen in 2016 to 55,000 tonnes,...

Published

Claire Hack

March 31, 2015

15:31 GMT

London