Nickel supply to be plentiful

By Purchasing Staff -- Purchasing, 11/13/2008 2:00:00 AM

The global nickel market will show 110,000 metric tons of surplus in 2009 because of a sharp pick-up in production at a time of slowing demand, the International Nickel Study Group (INSG) suggests in a press release. Demand for the metal, used mainly in alloying stainless steel, will rise to 1.44 million metric tons next year from an estimated 1.38 million metric tons this year and 1.31 million in 2007, the Lisbon-based group says.

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