Commodity Market Report
Global nickel short-term outlook November 2021
Report summary
Nickel prices fluctuate on market uncertainty until a Filipino proposal to restrict ore exports triggers a rally. Power rationing in China eases but further restrictions will curb stainless output in the next few months. Stainless remains strong elsewhere, especially in Europe. Indonesia continues to expand not only its stainless capabilities but also MHP and matte, while the US agrees to undo the 232 trade tariffs.
Table of contents
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Nickel in stainless
- China and Indonesia
- Europe
- USA
-
Nickel in batteries
- Precursor chemicals (PCAMs) and cathode active materials (CAMs)
Tables and charts
This report includes 13 images and tables including:
- Nickel use in Chinese stainless steel by raw material type
- Quarterly stainless melt output in Europe, 2019-2022
- Cases to the US government seeking exemption from the 232 trade tariffs
- 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)
- Potential Indonesian nickel intermediates/sulphate capacity
- 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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