Commodity Market Report
Global nickel short-term outlook August 2021
This report is currently unavailable
*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.
Table of contents
-
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
What's included
This report contains:
Other reports you may be interested in
Insight
Indonesia's nickel industry faces operational challenges despite its global dominance
Strategic pressures test Indonesia's ability to maintain nickel market leadership
$1,050
Insight
Global oil supply short-term update - July 2025
Minor changes to outlook as prices return to below $70/bbl
$1,350
Asset Report
Terrafame zinc mine
A detailed analysis of the Talvivaara zinc mine.
$2,250
