Clive Palmer's gift to the nickel market

Nickel prices could benefit from recent project closures - and the future of Clive Palmer's Yabulu refinery is key.

Summary: If administrators decide to close Queensland Nickel’s Yabulu nickel refinery, which looks likely, it could mark the start of a number of other nickel projects reaching closing point. If Yabulu shuts, it will mean collectively five per cent of the world’s annual nickel supply will have been removed from the market, through this and other project closures.

Key take-out: If nickel operations close and the metal outputs from those companies are removed from the market, we may see a spike in prices later in 2016.

Key beneficiaries: General investors. Category: Commodities.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles