Opinion
Nickel miners face a four-year winter
A leading nickel forecaster believes it could be 2028 before nickel markets return to balance, and it’s wrong to suggest all Indonesian nickel is “dirty”.
Peter KerResources reporterNickel markets will be oversupplied until 2028 and prices may have further to fall according to one of the world’s top battery minerals forecasters.
Speaking on the same day that IGO announced plans to halt its Cosmos nickel mine, Benchmark Mineral Intelligence analyst Harry Fisher said the swath of Australian nickel mine closures over the past month would do little to improve prices for the metal.
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