Commodity market report
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21 Pages

Global nickel long-term outlook Q1 2015

Global nickel long-term outlook Q1 2015

Report summary

Nickel prices have trended down so far in 2015. With the market awaiting tangible evidence of NPI supply tightening in China that could promote a bullish attitude towards prices, the otherwise bearish indicators of Q1/15, such as softer than expected demand and further increases in LME nickel stocks, have pushed nickel prices lower rather than higher. This has resulted in a cut in our near- to mid-term price forecasts.

What's included?

This report includes 12 file(s)

  • Global nickel long-term outlook Q1 2015 PDF - 410.44 KB 21 Pages, 4 Tables, 14 Figures
  • Nickel Tables LTO Q1 2015.pdf PDF - 1.25 MB
  • LTO Slidepack Q1 2015.pdf PDF - 494.22 KB
  • Demand main changes nickel LTO Q1 2015.xls XLS - 133.50 KB
  • Demand analysis nickel LTO Q1 2015.xls XLS - 1.60 MB
  • Supply main changes nickel LTO Q1 2015.xls XLS - 164.00 KB
  • Production rankings nickel LTO Q1 2015.xls XLS - 62.00 KB
  • Equity Production nickel LTO Q1 2015.xls XLS - 3.08 MB
  • Mine analysis nickel LTO Q1 2015.xls XLS - 727.00 KB
  • Smelter analysis nickel LTO Q1 2015.xls XLS - 360.00 KB
  • Refinery analysis nickel LTO Q1 2015.xls XLS - 881.50 KB
  • Market balance and prices nickel LTO Q1 2015.xls XLS - 359.00 KB


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
    • Nickel in stainless steel
      • Asia
      • Europe
      • North America
    • Nickel in non-stainless
      • Principal Uses of Nickel
  • Supply
    • Africa
    • Asia
    • Europe
    • North America
    • Oceania
  • Supply-demand balances

In this report there are 18 tables or charts, including:

  • Executive summary
  • Demand
    • Global regional nickel consumption
    • Regional nickel consumption (kt)
    • Stainless melting capacity utilisation at the major Chinese stainless mills
    • Chinese CR stainless exports amount to 15% of production on a melt basis
    • Outokumpu reorganisation: Increased nickel uptake in Finland does not offset decline in Germany
    • Average monthly CR stainless imports from China & Taiwan up sharply since 2012
    • Boeing aircraft orders and delivery rates
    • Japanese battery production
    • Japanese Li-ion cell production and hybrid vehicle output
    • Global nickel consumption by first use
    • Global stainless steel product consumption by end use
  • Supply
    • Near-term changes in mine production capability, excluding highly probable projects (kt)
    • Near-term changes in refined production capability, excluding highly probable projects (kt)
    • NPI plants in Linyi city, Shandong province, closed for environmental irregularities
    • Mined nickel production capability
    • Refined nickel production capability
  • Supply-demand balances
    • Near-term year on year deficits
    • Global nickel supply and demand - long-term supply shortfall
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