Sumitomo Metal sees global nickel market staying in deficit next year
The global nickel market is expected to remain in deficit for a third straight year in 2023 on solid demand for battery, chip-making equipment and oil-well tubular.
Shares in the world’s top two lithium producers are tanking after Chile said their contracts will not be renewed and prices for the battery metal continue to fall.
As it wraps up an exploration program this year at the Maricunga salt flat, Codelco has been contacted by several companies, chairman Maximo Pacheco said.