Commodity Market Report
Global nickel short-term outlook October 2019
Report summary
Nickel prices retreat and backwardation narrows, as the withdrawal of a large tonnage of nickel from LME warehouses raises concerns of irregularities. We continue to assess the impact of the Indonesian ore export ban and re-evaluation of ore supply and the ongoing ramp up of Indonesian NPI means there will be a little more nickel available that previously thought. New research of nickel use by the makers of battery precursor materials has completely revised our outlook for nickel demand in batteries for electric vehicles and energy storage.
Table of contents
- Asia
- Europe
- Nickel in non-stainless
Tables and charts
This report includes 13 images and tables including:
- Nickel consumption in EV batteries
- Nickel consumption in plating 2019
- Global quarterly refined consumption (kt)
- Quarterly global stainless steel production (kt raw steel basis)
- Global refined nickel consumption (kt)
- Global stainless steel production (kt raw steel basis)
- Ni in ore supply for Chinese NPI production
- NPI production in Indonesia and China
- 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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