Commodity Market Report
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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