The global deficit will be 67,000 tonnes of nickel metal in 2016, expanding to 93,000 of nickel metal in 2017, Macquarie told conference delegates at the end of October.
Stainless steel sector demand
Strong demand, especially from the stainless steel sector, has been the main driver of the nickel price in 2016. The London Metal Exchange daily official nickel price averaged $10,308.45 per tonne in October compared to $8,523.50 per tonne in January.
Chinese stainless steel output growth...