nickel market News

Nickel consumption in China is mounting rapidly due to fast-paced urbanization across the country and increasing use of the metal in the industrial development sector.

Rising nickel prices and recently introduced duty changes are raising the worries of Indian stainless steel manufacturers, as soaring prices will hit their profit margins badly.

Trading sources reported that a tax deduction on importations of refined nickel in China is not likely to prompt inflow due to high world prices.

South Korea will soon get relief from its burgeoning nickel prices. The country is investing in a new nickel-mining project to ease the pressure on soaring nickel prices.