Commodity Market Report
Global nickel short-term outlook October 2022
Report summary
Supply explosion and demand erosion keep the nickel market in surplus during 2022-2024. NPI doubles in two years while the ramp up in Indonesian MHP and matte accelerates. However, economic deterioration, zero-Covid and severe weather undermine stainless production this year and next. As global stainless contracts in 2022, leaving an excess of NPI, MHP and matte are absorbed to make nickel sulphate - the compelling battery story goes on.
Table of contents
-
Nickel in stainless
- Asia
- China
- Indonesia
- South Korea
- Europe
-
Nickel in non-stainless
- Battery raw materials
- Appendix - Data Tables
Tables and charts
This report includes 10 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)
- European change in quarterly stainless production, by country
What's included
This report contains:
Other reports you may be interested in
12 December 2022
Huayue Nickel Cobalt HPAL nickel operation
Asset Report
Huayue Nickel Cobalt HPAL nickel operation
A detailed analysis of Huayue Nickel and Cobalt HPAL nickel operation
$2,25028 February 2023
Global nickel short-term outlook February 2023
Commodity Market Report
Global nickel short-term outlook February 2023
Nickel prices retreat with the prospect of more matte and MHP, while the world waits for China's post-holiday rebound to accelerate.
$5,00031 January 2023
Global nickel short-term outlook January 2023
Commodity Market Report
Global nickel short-term outlook January 2023
Nickel prices fall as Tsingshan starts producing pure metal before rallying again on Chinese hopes.
$5,000
