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.