We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 

Commodity Market Report

Global Nickel Investment Horizon Outlook Q4 2022

Get this report


You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

14 December 2022

Global Nickel Investment Horizon Outlook Q4 2022

Report summary

Despite the LME's efforts to prevent a repeat of March's short squeeze, it appears that one has been coming since October. This might run into the first quarter of 2023 and extend the current period of high prices. While stainless will remain nickel's main consumer, it will be the energy transition that takes nickel into the next structural deficit from 2027. Nickel in battery precursor demand will increase at a CAGR in excess of 13% over the next decade so that by 2032 this segment will take almost one third of total primary nickel demand.

Table of contents

  • No table of contents specified

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Global Nickel Investment Horizon Outlook Q4 2022.pdf

    PDF 1.85 MB