JAKARTA -- The global nickel supply is heading for a bigger surplus this year as more Indonesian smelters feeding EV battery and stainless steel industries come onstream, threatening to keep prices below the record highs of 2022.
Indonesia's massive supplies of nickel -- a key component in batteries -- are helping meet increasing global demand for electric vehicles. (Source photo by Reuters)
Market Spotlight
Nickel surplus seen widening in 2023 as Indonesian output soars
EV batteries to lead demand growth; prices under pressure but still historically high
Read Next
Latest on Market Spotlight
