Commodity Market Report
Global nickel short-term outlook March 2023
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
Although nickel prices were sent lower by bank failures, China stainless is heading for another round of production cuts. Stainless markets elsewhere remain off colour as the mills await re-stocking in Q2. Meanwhile, battery demand for nickel is still strong but supply of raw materials is stronger still. Indonesia is flush with matte and MHP, and this month saw the largest nickel sulphate plant in the world come on line.
Table of contents
-
Nickel in stainless
- Asia
- Europe
-
Nickel in non-stainless
- Battery raw materials
- Appendix - Data Tables
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)
- Black mass refining stations in North America
- Black mass producers and projects in North America
What's included
This report contains:
Other reports you may be interested in
Insight
Fibres sustainability feed
Wood Mackenzie’s fibres sustainability outlook – a live feed of our latest research
$900
Insight
India’s potential as a refining and petrochemicals hub
Key themes: India's demand potential, investment challenges, competitiveness gaps, refining-chemicals integration and slow decarbonisation.
$900
Insight
Global oil supply short-term update - October 2025
OPEC+ begin to unwind next tranche of cuts. We assume only a partial return of volumes due to a weakening outlook for prices.
$1,350
