Surcharges to rise on Nickel strength

Suppliers are already discussing the possibility of European surcharges rising in May. Nickel has rallied strongly throughout April with the LME cash price closing @ 11,337 USD m/tonne yesterday. Shipments of Nickel stocks inwards have declined and overall stocks fallen slightly. These combinations have driven the Nickel price upwards and as a result forecasts for surcharges [...]