Global nickel short-term outlook August 2021 Report

Commodity Market Report 31 August 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

Chinese production rates and the latest results from the European mills emphasise the current strength in the stainless market. Large upward revision in Chinese nickel sulphate production highlights the strength of demand from the battery segment. But there are downside risks: concerns of a second half slow down in China; and cut backs by car makers, due to the chip shortage, weakening metals demand in Q4.

Nickel in stainless
- China and Indonesia
- India
- Europe
Nickel in batteries

Tables and charts

This report includes the following images and tables:

Quarterly global refined nickel consumption (kt)
Quarterly global stainless steel production (kt raw steel basis)
Global refined nickel consumption (kt)

Global stainless steel production (kt raw steel basis)
Global nickel mine production/capability (kt)
Global nickel smelter production/capability (kt)
Global finished nickel production/capability (kt)
Nickel stocks and premiums
Global refined nickel supply-demand balance (kt)
European imports of stainless steel - volumes from main Asian competitors remain at about 50%
Europe year-on-year growth in quarterly production: large increase in 2021 but settling down in 2022