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Booming stainless steel output to sustain nickel prices for months Healthy demand from stainless steel mills and electric vehicle battery makers is expected to underpin nickel prices over coming months, but rising supplies from top producer Indonesia are likely to weigh next year. Benchmark nickel CMNI3 prices on the London Metal Exchange, at $19,500 a tonne, are up more than 20% since April and at their highest since February. A few months ago, expectations had been for surpluses in the second half of this year, but now shortages are more likely. “This year has seen one of the most remarkable turnarounds in nickel consumption, it has been driven by booming conditions in the stainless steel and battery markets,” said Macquarie analyst Jim Lennon.

New caledoniaCity ofUnited kingdomOliver nugentJim lennonPratima desaiLondon metal exchangeShanghai futures exchangePravin charபுதியது கலிடோனியாநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்ஆலிவர் நூஜெஂட்ஜிம் லெநந்பிரதிமா தேசாய்லண்டன் உலோகம் பரிமாற்றம்