TOKYO, June 14 (Reuters) – Sumitomo Metal Mining,
Japan’s biggest nickel smelter, expects a global nickel market
deficit to widen to 88,000 tonnes this year, from 72,000 tonnes
last year, amid solid demand for stainless steel and batteries,
an official said on Thursday.
Global demand for nickel is seen increasing by 7.3 percent
in 2018 from last year to 2.298 million tonnes, while supply
rises 6.8 percent to 2.210 million tonnes, the company said.
“We expect higher demand for stain