More Chinese Nickel Seen Flowing Overseas After LME’s Russia Ban
This article is for subscribers only.
More Chinese nickel is expected to flow overseas after the London Metal Exchange banned new Russian supplies, according to Mysteel Global.
China’s production of refined nickel is outstripping demand, and a domestic glut of the metal, used in batteries and to make stainless steel, has led to a surge in exports. Overseas sales jumped more than 200% in March from the previous month to 7,496 tons.