A bullish outlook that will see nickel climb out of its current price slump and double in value to in excess of US$20000 a tone before March 2017, has been forecast today by market observer, Alto Capital.

Goldman Sachs on Thursday slashed its 2016 price forecast for nickel by more than 20%, primarily citing challenges to Chinese metals and mining demand.

The global nickel market should swing into a 23000 tonne deficit in 2016 from a small surplus in 2015, the International Nickel Study Group said on Wednesday, predicting that Chinese customers would drive an increase in nickel use.

[Ferro-alloys.com] According to the statistics of China’s custom, China exported 17,841.018 tons of ferrosilicon in August, 2015, descending 20.94%, m-o-m 22,565.711 tons; the volume of ferrosilicon (Si>55%) exported in Aug is 14,993.868 tons, and the export ...

[Ferro-alloys.com] Domestic output of ferrosilicon in Aug, 2015 rose slightly m-o-m, the total output is 415,000 tons, descending 2% y-o-y. From January to August, the total volume is 3,020,000 tons, falling 12.9% y-o-y.

[Ferro-alloys.com]Zhenshi group in Indonesia's subsidiary FBLN announced its ferronickel project has started production on September 16. The company will continue the construction nickel iron BF smelting line, including 350 cubic lime kiln of 1 seat, BF of 4 s...

Reduced orders, slim profit, together with delayed payment, many cored wires companies encountered with cash problems. They stayed alert on market; make to order and cash payment became their choices.

[Ferro-Alloys.com]During the summer vacations, European deals were slim, resulting in moly oxide transaction as low as USD6-6.15/lbMo. After a temporal rise, stirred by purchase of China’s State Reserve Bureau, moly oxide market turned to stabilize.