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Nornickel Metals Market Review: Global Nickel Market to Record Surplus in 2025

It must be noted that the global nickel market recorded a third consecutive year of oversupply in 2023.

POSCO Future M begins NCA production in Pohang

The company announced on Sunday that it successfully produced high-nickel materials with 88% nickel content on October 12.

Sumitomo Metal Anticipates Wider Nickel Market Surplus in 2025

In 2025, the supply of Class 2 nickel is expected to stay balanced despite an increase in the supply of NPI from Indonesia.

Nickel market no longer afraid of losing Russian supply

Russian president Vladimir Putin's suggestion that Moscow should consider capping exports of nickel in retaliation for Western sanctions has been greeted with a collective shrug by the market.

New Metals Refinery for Nickel and Cobalt Opens in Ohio

Right now the only U.S. source of nickel is the Eagle Mine in Michigan. Ore mined there is shipped internationally for refining.

Nornickel Examines Impacts of U.S Sanctions on its Subsidiaries

The U.S. had imposed sanctions on several Nornickel subsidiaries and the Nornikel-controlled Bystrinsky copper and gold project.

Nornickel Held Nickel Output Forecast Unmoved for 2024

The furnace repairs have been badly impacting the company’s profits.

Nornickel Announced Restart of Smelter Furnace After Major Repairs

The $340 million repairs comprised of replacement of the smelting unit and required sophisticated equipment.

Fitch Solutions: Nickel Prices to Witness Steady Rise Beyond 2024

The nickel prices had witnessed a brief rally earlier during the current year. However, the prices witnessed decline henceforth.

LME to Suspend Listing of Nornickel Nickel Brand

The exchange did not disclose the reason for the suspension.

Vale Unveils $3.3 Billion Plan to Boost Copper and Nickel Output

The Brazilian mining giant sees the potential to expand production capacity to about 500,000 tons of copper by 2028 mainly through improvements to its Salobo and Sossego mines in Brazil.

Centaurus Metals Advances Nickel Project Amid Growth

Key environmental and technical approvals have been secured, and exploration efforts, including a new copper-gold project, are underway, positioning the company for robust growth and development.

US, Philippines eye agreement to cut China nickel dominance

The US and the Philippines are in discussions over ways to prevent China from dominating nickel processing in the Southeast Asian nation, a key supplier of the metal that’s crucial for electric vehicle batteries.

Macquarie: Global Nickel Market to Witness Surprise Deficit in 2024

It must be noted that nickel ore in the country has been trading at a premium of more than $7 per ton.

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Metal Prices

Base Metals
Alumina 98.5% min	734.26$US/MT
Aluminum Alloy A356	3204.9045$US/MT
Minor Metals
Ammonium heptamolybdate 54% min	30839.00$US/MT
Ammonium metavanadate 98% min	9673.54$US/MT
High Purity Metals
Aluminum ingot purity 9999900	41900.00EUR/Kg
Aluminum oxide purity 9900000	12100.00EUR/Kg
Rare Earth
Cerium carbonates TREO 45% min, CeO2 / REO 100%	852.80$US/MT
Cerium Metal 99% min	3244.80$US/MT

Weekly Scrap Metal Price Report- December 20, 2024

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