Gungnir Resources Inc V.GUG

Premiums in Europe rise to highest level in 2021

[CrazyProphet]

Nickel premiums rose in Europe and the United States in the week ended November 10 due to tight supply conditions pushing premiums and spot activity higher; China retreated slightly amid an increased arbitrage loss.

• US nickel premiums continue to rise to historic highs
• Premiums in Europe rise to highest level in 2021
• Chinese premiums retreat slightly with arbitrage loss between London and Shanghai

European spot premiums driven up by 2022 expectations
Nickel market participants in Europe continue to focus on long-term contracts, with negotiations in full swing ahead of the International Ferro-Alloys Conference in Prague on November 15-16.
Stainless steel demand has been strong in 2021, with output rising by 24.9% in the first half of the year, data from the International Stainless Steel Forum shows.
Though stainless-steel output is expected to decline due to power constraints and a slowing Chinese economy, demand from the battery industry and supply issues should support prices and premiums.
“The current need for consumers to secure material [for next year] is driving up [spot] prices,” a producer said.

Fastmarkets analysts forecast a deficit of 78,000 tonnes 

[Goldy63]

Excellant information Crazy and yup the world needs huge Nickel increases as my last post mentioned . This is what people want to see not brainfarts from bashers. . Solid Info . Kudos bro .(Quote) Fastmarkets analysts forecast a deficit of 78,000 tonnes