Nickel intermediate tightness to underpin elevated MHP payables into Q4

Payables for nickel in mixed hydroxide precipitate (MHP) have remained at elevated levels (84–86%) since April, according to the Benchmark Nickel Price Assessment. This is despite structural oversupply and macroeconomic uncertainty weighing on nickel prices more broadly. Payables initially rose to a three-year high following extensive flooding at the Morowali Industrial Park, which caused a […]