Commodity Market Report

Global nickel short-term outlook March 2021

31 March 2021

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31 March 2021

Global nickel short-term outlook March 2021

Report summary

Nickel prices dropped by 20% in early March, triggered by a declaration from Tsingshan that it would soon be able to choose the destination of some of its nickel units between NPI for stainless or matte for batteries. Price pressure from those believing that nickel forms specifically for the batteries route would be in short supply going forward evaporated and prices fell, despite the strength of post-lockdown demand.

Nickel in stainless
- Asia
- Europe and Africa
- North America
Nickel in non-stainless
- Batteries
- Nickel alloys

Tables and charts

This report includes 12 images and tables including:

The rebound in European stainless production
Stainless exports by Columbus Stainless to SE Asia have dropped sharply in past couple of years
Aircraft deliveries - only a slight recovery in 2021