Insight
Nickel: Five things to look for in 2025
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Report summary
The nickel market will remain complex in 2025 with Sino-Indonesian supply firmly at its core. The LME's nickel contract faces new challenges from Asia while Indonesia's constraints on ore supply has implications for batteries and stainless in China and beyond.
Table of contents
- New challenges for the LME
- But what to trade - nickel metal or nickel sulphate?
- Constraints on Indonesian ore supply
- A decline in Indonesian intermediates
- Less NPI could become a European problem
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