Nickel Hits 5-Year High
Dear Valued Partner,
We would just like to take this further opportunity to follow up on our conversations around Nickel’s continuing rapid rise in price, cumulating in a 5-year high exceeding USD $18,000 per tonne as at the end of August 2019.
This exceptional climb in price is according to analysts predominantly based around fears of a supply deficit in 2020, after Indonesia, globally the largest producer of Nickel proposed to bring forward their export ban by two years in a bid to drive local add value processing of the ore.
We will as usual endeavour to keep a close dialogue with all our customers and advise of any further movement during this challenging period.
General Manager- Distribution.