Commodity Market Report

Global nickel short-term outlook June 2023

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Nickel prices fall again in June, and with all nickel forms in oversupply, are they heading for a longer-term decline? While China’s government announced measures to boost EV sales, its stainless market is only improving slowly, so we have reined in our bullish outlook for H2. Other stainless centres of the world are broadly flat this year, while the ever improving aerospace segment is struggling with superalloy availability.

Table of contents

Tables and charts

This report includes 15 images and tables including:

  • Quarterly global nickel consumption in stainless steel (kt)
  • Quarterly refined nickel consumption by first use (kt)
  • 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)
  • Aircraft deliveries
  • Nickel in concentrate balance
  • Nickel smelters short of concentrate feed
  • Uncontracted nickel concentrate availability

What's included

This report contains:

  • Document

    Global Nickel Short Term Outlook June 2023.pdf

    PDF 1.06 MB