Nornickel presents market review of nickel and platinum group metals
Green Car Congress
JUNE 4, 2023
This was caused not only by a 45% price increase in 2022 and a subsequent correction, but also by worsening market fundamentals. This is primarily due to a significant surplus in the Class 2 market that occurred in 2022 and is expected to remain throughout 2023-2024, mainly owing to growing production of low-grade nickel in Indonesia.
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