Nickel Heading to Oversupply by 2013 – Bloomberg.com

Metals Nov 16, 2010 No Comments

The nickel market is heading for oversupply by 2013 on current projections, prompting a decline in prices, said research firm Brook Hunt.

“We are apparently heading towards oversupply by 2013, but it won’t be anywhere near as much as” expected because of the potential for project delays, Andrew Mitchell, an analyst at Addlestone, England-based Brook Hunt, a Wood Mackenzie company, told the New Caledonia Nickel Conference.

Nickel is the second-best performer of the six main metals traded on the London Metal Exchange this year, driven by rebounding demand from stainless steel makers. The market is expected to return to a “small” supply surplus in 2011, UBS AG said last month in a report.

via Nickel Heading to Oversupply by 2013, Brook Hunt Says (Update1) – Bloomberg.com.

Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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