Commodity Market Report

Global Nickel Strategic Planning Outlook - Q2 2022

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22 June 2022

Global Nickel Strategic Planning Outlook - Q2 2022

Report summary

The nickel market is moving into oversupply but demand from batteries will bring back deficits and rally prices from 2027. A key influence remains the speed of expansion in Chinese-backed nickel supply in Indonesia for stainless steel and battery chemicals. But this will have to continue if the long-term nickel demands of the battery industry are to be met, at least until battery scrap becomes more plentiful.

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    Global Nickel Strategic Planning Outlook Q2 2022.pdf

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