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Nickel: world market in deficit in January-October 2022
Apparent demand for nickel metal exceeded production during the first ten months of this year, resulting in a modest deficit in the nickel metal market. The most recent data show that the world nickel market recorded a deficit of 116.6 kt from January to October this...
Zinc: stocks at record lows after a year of smelter challenges
Inventories of the metal at the London Metal Exchange (LME) stand at 36,525 tons, the lowest amount this century. Nearly 60 percent of this metal is for physical loading, leaving only 15,175 tons in stock, no more than a few hours of global consumption. Shanghai...
Primary aluminum: prices close to key support
As written in yesterday's article (read here), the primary aluminum market balance closed with a deficit of 981 thousand tons. This follows a deficit of about 1.734 mln tons recorded for the entire previous year. Global aluminum production in the first ten months of...
Nickel: Xiang Guangda plans new plant to avoid future pressure from LME
The tycoon at the center of this year's nickel crisis is building a new metal plant that can be delivered to the London Metal Exchange, a move that signals his intention to continue trading on the LME while trying to avoid being caught in short pressures in the...