Shopping Cart

Coronavirus to hit Nornickel’s nickel and copper markets

Mining Technology - Russian mining company Norilsk Nickel (Nornickel) has announced that the recent outbreak of coronavirus in China is expected to hit two of its key markets, nickel and copper.

The company noted that the virus poses a downside risk for the pace of demand recovery and undermines its demand assumptions, particularly in the first quarter of this year.

Nornickel said in a statement: “At the moment, due to large uncertainty about the duration and the ultimate health impact of the epidemic, we cannot quantify its impact on copper demand and supply, neither can time the market recovery.

“If the virus is contained by the end of this March, we find it reasonable to assume that the consumption losses could be recovered during the rest of this year, given that China has plenty of spare capacities across all copper-consuming value chain.”

In its 2019 financial results released yesterday, the company reported that primary nickel consumption is expected to increase by 85kt to 2,538kt this year.

The growth rate of global nickel demand from battery material producers is also expected to moderate to 17% year on year, down from 26% in 2019, reaching a combined volume of 210kt in China, Japan and South Korea.

Continue reading...

Global Metal Recycling Market expected to achie...
Older post
Rio to begin copper production at Winu in 2023
Newer post
T-SHIRTS & BLOUSES
Sweatshirts
BLACKERY PRESENT NEW COLLECTION 2019

This is Photoshop's version of Lorem Ipsum. Proin gravida nibh vel velit auctor aliquet. Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum.


Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctora ornare odio. Sed non mauris vitae erat consequat auctor eu in elit. Class aptent taciti sociosqu ad litora torquent per conubia nostra. , per inceptos himenaeos. Mauris in erat justo. Nullam ac urna eu felis dapibus

This is a cookie agreement request — you can customize it or disable on the backoffice. Cookies help us to provide you the best experience using our website.

Client service

OUR CONTACTS:

We're available by phone (877) 350-0771 every day from 9 am. - 9 p.m. ET.

HOURS: Monday - Friday 8AM - 5PM
Saturday - Sunday Online
Holidays Online

(877) 350-0771

support@metals.com

1420 Kettner Blvd #100 San Diego, CA 92101

PAYMENTS:

Credit Card: Visa, MasterCard, Maestro, American Express

Back To Top
Do you like any template? Apply its settings to your store — just select the template you like and press the «Apply» button of the desirable one. Templates can be switched at any time.
Applying a new template overrides the settings. Press «Copy» and paste it into any text file to save your current settings.

Export

Import

Import