Nickel’s fundamentals tested by virus: S&P Global Market Intelligence

摘要

London—The global primary nickel market is likely to switch to a small surplus of around 11,000 mt in 2020, as the coronavirus pandemic continues to rile the global economy, according to S&P Global Market Intelligence in a research note this week. Market Intelligence, which, like Platts, is part of S&P Global, said that it expects that the negative macroeconomic impact of the novel coronavirus outbreak, which was declared a global pandemic March 11 by the World Health Organization, to derail the 2020 nickel bull market story that had been predicted to result from this year’s Indonesian nickel ore export ban.