Commodity market report
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20 Pages

Global nickel long-term outlook Q2 2015


Global nickel long-term outlook Q2 2015

Report summary

Nickel prices continue to trend down in 2015 and our forecasts have been cut by nearly US$1/lb since the prior LTO. There are a few signals that prices could improve in H2/15 and then mounting deficits should support a more sustainable rally from 2016. Even with some Indonesian NPI, a structural shortage in nickel warrants a long term price of US$12/lb in order to encourage investment in new projects that will enable supply to keep pace with forecast demand.

What's included?

This report includes 12 file(s)

  • Global nickel long-term outlook Q2 2015 PDF - 411.91 KB 20 Pages, 3 Tables, 12 Figures
  • Nickel Tables LTO Q2 2015.pdf PDF - 1.31 MB
  • LTO Slidepack Q2 2015.pdf PDF - 496.87 KB
  • Demand main changes nickel LTO Q2 2015.xls XLS - 136.00 KB
  • Demand analysis nickel LTO Q2 2015.xls XLS - 1.71 MB
  • Supply main changes nickel LTO Q2 2015.xls XLS - 169.50 KB
  • Production rankings nickel LTO Q2 2015.xls XLS - 62.00 KB
  • Equity Production nickel LTO Q2 2015.xls XLS - 3.10 MB
  • Mine analysis nickel LTO Q2 2015.xls XLS - 729.50 KB
  • Smelter analysis nickel LTO Q2 2015.xls XLS - 359.50 KB
  • Refinery analysis nickel LTO Q2 2015.xls XLS - 895.50 KB
  • Market balance and prices nickel LTO Q2 2015.xls XLS - 365.00 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
    • Nickel in stainless steel
      • Asia
      • Europe
      • North America
    • Nickel in non-stainless
    • Principal Uses of Nickel
  • Supply
    • Africa
    • Asia
    • Europe
    • Latin America
    • North America
    • Oceania
  • Supply-demand balances

In this report there are 15 tables or charts, including:

  • Executive summary
  • Demand
    • Global regional nickel consumption
    • Regional nickel consumption (kt)
    • Chinese FeNi imports increase sharply in 2015
    • Nickel consumption in non-stainless first uses
    • Boeing aircraft orders and delivery rates
    • 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)
    • Chinese imports of Filipino ore
    • Mined nickel production capability
    • Refined nickel production capability
  • Supply-demand balances
    • Near-term year on year deficits
    • Chinese ore stock in NPI production terms, likely to increase through mid-2015
    • Global nickel supply and demand - long-term supply shortfall
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