Japan’s Sumitomo Metal says global nickel deficit to widen this year
Global demand for nickel is increasing by 7.3 percent in 2018 from last year to 2.298 million tonnes, while supply rises 6.8 percent to 2.210 m tonnes,
One of the world’s largest commodity traders revealed it had lost more than half a billion dollars after buying cargoes of nickel from Gupta’s companies, only to discover that they contained much lower value materials.