Commodity Market Report
Global nickel long-term outlook Q1 2021
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
With Tsingshan's latest news ending the bull run, nickel prices are now heading lower and will likely continue on that path given the global surpluses that lie ahead. The coming excess is down to the ongoing unprecedented expansion in Indonesian NPI. It will not be countered by the strength of resurgent demand, which is global and not solely in China. Stronger than forecast demand from EV batteries would help redress this imbalance and perhaps that is what Tsingshan in counting on?
Table of contents
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Nickel in stainless steel
- Asia
- Europe
- North America
- Nickel in batteries
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Asia
- Indonesia
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Africa
- Tanzania
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North America
- USA
Tables and charts
This report includes the following images and tables:
- Near-term changes in mined production capability, excluding probable projects (kt)
- Global mined nickel production by region
- Near-term changes in refined production capability, excluding probable projects (kt)
- Global refined nickel production by region
- Main changes in refined nickel supply since the prior quarter
- Potential expansion in Chinese stainless melting capacity, by project
- The changing use of nickel raw materials in Chinese stainless steelmaking
- Current Indonesian FeNi and NPI capacity and projects
- Indonesian nickel in NPI production by company
What's included
This report contains:
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