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Nornickel sharply hikes nickel surplus forecasts for this year and next
Russian mining giant Nornickel said on Monday that it had doubled its nickel surplus forecast for this year and more than doubled its forecast for 2026. In a metals market review, Nornickel, the world's largest palladium producer and a major producer of refined nickel, said it expected the nickel surplus this year to reach 240 000 tons, up from an estimate of 120 000 tones in July. It said it had also more than doubled its surplus forecast for next year to 275 000 tons, up from 130 000 previously. The global nickel market has been in surplus for the past four years due to rapid supply growth amid continued production ... (full story)
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- Dec 15, 2025 10:58am Posted byFundamental Analysis295
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