New forecasts expect nickel prices to rise in the short term, however the rally would taper off by year-end, as heightened Chinese refined nickel imports and ore supply disruptions from the Philippines buoyed prices.
However, Fitch group research firm BMI said positive long-term fundamentals remained in place, as prices for the steel-making ingredient was expected to recover from an average of $9 000/t in 2016, to $11 500/t by the year 2020.
