Nickel Price Forecast 2024. The outlook for nickel is bullish on the horizon of several decades. The average forecast in a recent reuters survey was for a nickel market surplus of 200,000 tons this year and 205,000 tons in 2024.
The plummeting nickel price has led to mines being mothballed and workers. Global demand for nickel is expected to increase to 3.47 million tons in 2024 from 3.20 million in 2023 due to recovery of the stainless steel sector and increased.
The Future Contracts For Nickel Will Depend On Possible.
The average forecast in a recent reuters survey was for a nickel market surplus of 200,000 tons this year and 205,000 tons in 2024.
All Other Price Assumptions Have Remained Unchanged.
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The Most Recent Spot Price Per Tonne Of Nickel In February 2024, Reported By S&Amp;P Capital, Is Us$115,380/T.
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The Price Was Projected To Fall To $17,000 In 2024, Though This Price Was Up From The Previous.
The most recent spot price per tonne of nickel in february 2024, reported by s&p capital, is us$115,380/t.
Global Demand For Nickel Is Expected To Increase To 3.47 Million Tons In 2024 From 3.20 Million In 2023 Due To Recovery Of The Stainless Steel Sector And Increased.
Nickel price forecasts and market scenarios:
Nickel Prices Are Projected To Continue Falling In 2024 Due To Increased Production In Indonesia And China.