Commodity Market Report
Nickel 2021 update to 2040
Report summary
The global economy has bounced back strongly after the Covid-induced recession of 2020. China and Indonesia remain key as both dominate the global stainless market, while China is also at the forefront of the battery segment. Although the growth in both the stainless and battery segments has increased our demand outlook substantially since March, it is not enough to offset the growth in NPI production, which is still expanding apace in Indonesia.
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