https://newsletter.en.creamermedia.com
Mining
Mining
mining

Nornickel sharply hikes nickel surplus forecasts for this year and next

15th December 2025

By: Reuters

  

Font size: - +

MOSCOW - Russian mining giant Nornickel said on Monday that it had doubled its nickel surplus forecast for this year and more than doubled its forecast for 2026.

In a metals market review, Nornickel, the world's largest palladium producer and a major producer of refined nickel, said it expected the nickel surplus this year to reach 240 000 tons, up from an estimate of 120 000 tones in July.

It said it had also more than doubled its surplus forecast for next year to 275 000 tons, up from 130 000 previously.

The global nickel market has been in surplus for the past four years due to rapid supply growth amid continued production growth in Indonesia.

Nornickel said it saw the palladium market as balanced this year, excluding investment demand.

With investment demand included, there would be a deficit of 0.2-million ounces, it said.

In 2026, excluding investment activity, the palladium market deficit would be 0.1-million ounces, Nornickel said.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

Latest Multimedia

Photo of Martin Creamer
On-The-Air (12/12/2025)
12th December 2025 By: Martin Creamer

Showroom

Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 
Kriel Occupational Health Centre
Kriel Occupational Health Centre

Occupational health services, mobile clinics, wellness campaigns, aviation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 December 2025
Magazine round up | 12 December 2025
12th December 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.129 0.221s - 185pq - 2rq
Subscribe Now