Global nickel supply deficit to shrink in 2020 as Indonesia ramps up NPI output

The global nickel supply deficit is set to narrow to 20,000 tonnes of nickel units next year, mainly due to a ramp up in Indonesian nickel pig iron (NPI) output, Beijing Antaike Information chief analyst Aidong Xu told delegates at a conference in Yichang, China.

The figure is compared with a supply deficit this year that Xu projected at 40,000 tonnes and is despite the Indonesian ore export ban that comes into effect next year. But the reduction in Chinese NPI output next year as a result of the shortfall in Indonesian ore supply will be offset by an increase in Indonesian...

Published

Violet Li

November 07, 2019

09:20 GMT

Shanghai