The market outlook

摘要

CRU forecasts the nickel market to register a surplus of almost 80,000 tonnes in 2013. This is marginally higher than our forecast in the previous Market Outlook. We continue to project strong growth in nickel supply, which will largely be driven by China. In particular, production from Chinese NPI will set another record of over 400,000 tonnes this year. Of course, production outside of China is also expected to rise, but growth is not expected to be as robust.