Global Palladium Fund expecting nickel deficit in 2021, followed by a surplus in 2022. |
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The Global Palladium Fund, a precious metals fund, estimates a nickel surplus of 59,000 mt for 2022. The COVID pandemic stopped a planned capacity expansion in Indonesia, leading to a potential deficit of 150,000 mt in 2021. According to the USGS, global production was 2.5 million mt in 2020, with Indonesia as the largest producer at 760,000 mt. The final global and Indonesian production volumes for 2021 have not yet been released. (12/22/2021) |
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AEGIS Insights |
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12/13/2021: Section 232 Tariffs: Most relevant developments (AEGIS Reference) 12/10/2021: AEGIS Factor Matrices: Most important variables affecting metals prices 11/30/2021: Will the Omicron COVID Variant Impact South African Metals Production or Exports? |
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Important Headlines & Economic Data |
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AISI Steel Capability Utilization Rate Investing.com Economic Calendar 12/21/2021: German zinc recycler Befesa expands in China 12/21/2021: Global nickel supply could increase by 20% in 2022 – report 12/20/2021: Toyota to cut production by 20,000 cars in Japan next month 12/19/2021: Toyota to halt production at 5 factories in January due to supply chain issues 12/17/2021: Zinc price soars as power crunch forces Nyrstar to idle French plant 12/16/2021: Nyrstar's Auby zinc operation on care and maintenance from Jan |
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