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Commodity Market Report

Global nickel short-term outlook March 2023

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30 March 2023

Global nickel short-term outlook March 2023

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

Tables and charts

This report includes 11 images and tables including:

  • 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:

  • Document

    Global Nickel Short Term Outlook March 2023.pdf

    PDF 991.33 KB