Commodity market report
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21 Pages

Global nickel long-term outlook Q1 2014


Global nickel long-term outlook Q1 2014

Report summary

Global mined nickel production is set to fall by 18.9% in 2014, to 1.82Mt, predominantly due to the Indonesian ore export ban. However, existing ore stocks in China will limit the decline in metal output to only 1%, from 1.99Mt in 2013 to 1.97Mt in 2014. The shortage of NPI will affect the market more strongly in 2015, supporting higher nickel prices and stimulating smelter development in Indonesia. Use of more costly nickel feed may cut margins at Chinese stainless mills, and some may close.

What's included?

This report includes 12 file(s)

  • Global nickel long-term outlook Q1 2014 PDF - 416.62 KB 21 Pages, 3 Tables, 10 Figures
  • Nickel Tables LTO Q1 2014.pdf PDF - 1.38 MB
  • Nickel Slidepack LTO Q1 2014.pdf PDF - 465.03 KB
  • Demand main changes nickel LTO Q1 2014.xls XLS - 128.00 KB
  • Demand analysis nickel LTO Q1 2014.xls XLS - 1.32 MB
  • Supply main changes nickel LTO Q1 2014.xls XLS - 154.50 KB
  • Production rankings nickel LTO Q1 2014.xls XLS - 61.50 KB
  • Equity Production nickel LTO Q1 2014.xls XLS - 2.55 MB
  • Mine analysis nickel LTO Q1 2014.xls XLS - 748.00 KB
  • Smelter analysis nickel LTO Q1 2014.xls XLS - 295.50 KB
  • Refinery analysis nickel LTO Q1 2014.xls XLS - 832.50 KB
  • Market balance and prices nickel LTO Q1 2014.xls XLS - 332.00 KB

Description

As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.

This Nickel Long Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.

Mining companies, investment banks and investors can use this report to understand the future direction of the ferrous and base metals market. It will also help you assess the impact of key industry issues and events on market balances and pricing.

From acquisitions to investments, Wood Mackenzie helps you plan, forecast and benchmark in the metals markets. Our proprietary database and analyst expertise combines robust production, consumption and pricing data with detailed analysis to identify market opportunities.

We give you a holistic view of the ferrous and base metals markets so you have the confidence to make strategic decisions.

  • Executive summary
  • Demand
    • Asia
    • China
    • Europe
    • Latin America
    • North America
  • Supply
    • Africa
  • Supply-demand balances

In this report there are 13 tables or charts, including:

  • Executive summary
  • Demand
    • Regional nickel consumption (kt)
    • Growth in global/regional nickel consumption to 2030
    • European stainless steel base prices and alloy surcharges
    • Long term nickel consumption in non-stainless first uses
    • Global nickel consumption by first use
    • Global stainless steel product consumption by end use
  • Supply
    • Near-term changes in mine production capability (kt)
    • Near-term changes in refined production capability
    • Mined nickel production capability
    • Refined nickel production capability
    • Supply: Image 3
  • Supply-demand balances
    • LME nickel stocks and cancelled warrants
    • Global nickel supply and demand - long-term supply shortfall
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