Nickel prices dropped triggered by concerns about slowing global economic growth.
A global nickel market deficit will nearly halve to 49,000 tonnes in 2019 from 93,000 tonnes this year on higher output of primary metals by global suppliers.
Japan's demand for nickel is projected to rise 9.5 percent to 199,200 tonnes, while supply is forecast to climb 2.3 percent to 188,100 tonnes.
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