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Sumitomo Metal Mining Co Ltd (5713.T)

5713.T on Tokyo Stock Exchange

3,717JPY
17 Aug 2018
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Thu, Jun 14 2018

Japan's Sumitomo Metal says global nickel deficit to widen this year

TOKYO, June 14 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

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