There have been no factors that would trigger a significant declines in prices, with port congestion continuing and major users sticking to output plans, , according to Marubeni Corp.
The Global Palladium Fund expects the surplus to be concentrated in low-grade nickel pig iron (NPI) and to depend heavily on an expected increase in supply from Indonesia materializing.
South Korea’s LG Chem Ltd. and its battery unit LG Energy Solution agreed to buy 20,000 tonnes of battery-grade nickel from Li-Cycle over 10 years starting in 2023 as part of a deal that includes a $50 million investment in the