Commodity Market Report
Global nickel short-term outlook January 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
2021 will be a year of recovery. Strong percentage growth in nickel demand coupled with increasing optimism spurred by the roll out of Covid vaccines and the easing of restrictions, and resurgent fervour over the future of electrification, will keep nickel prices rising. However, despite the market returning to deficit in the second half of this year, renewed oversupply will undermine prices in 2022.
Table of contents
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Asia
- China
- Indonesia
- Europe
-
North America
- USA
-
Nickel in non-stainless
- Electric vehicle batteries
Tables and charts
This report includes the following images and tables:
- European imports of stainless steel flat products - decreasing since Mid-2020
- Chinese stainless steel melting capacity due in the next few years
- 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)
- Satellite image of Tumbagaan Island, Philippines
- 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)
What's included
This report contains:
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