Sumitomo Metal: Global nickel supply surplus will expand to 36 000 tons in 2024 from 24 000 tons in 2023

foreign media news on october 5: sumitomo metal, japan’s largest nickel smelter, released a semi-annual market outlook report predicting that as indonesia’s low-grade nickel pig iron (npi) production will continue to grow, the global nickel market is expected to remain in surplus next year. the report said that after indonesia’s low-grade nickel pig iron production…