Commodity Market Report
Global nickel short-term outlook March 2022
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Nickel prices went stratospheric in March, breaching US$100,000/t before the LME suspended trading. Trading resumed 12 days later, but it may not be until mid-April that trading returns to "normal". Assuming normal trading resumes, nickel prices will remain high during the second quarter of this year, before falling away in H2 as new nickel projects come on stream in Indonesia. This will push the market to surplus in 2023 and 2024.
Table of contents
-
Nickel in stainless
- Asia
- China
- Europe
- Nickel in precursor chemicals for batteries
Tables and charts
This report includes the following images and tables:
- Quarterly global refined nickel consumption (kt)
- Quarterly global stainless steel production (kt raw steel basis)
- Global refined nickel consumption (kt)
- Global stainless steel production (kt raw steel basis)
- Global nickel mine production/capability (kt)
- Global nickel smelter production/capability (kt)
- Global finished nickel production/capability (kt)
- Nickel stocks and premiums
- Global refined nickel supply-demand balance (kt)
- Year-on-year changes in Chinese quarterly stainless steel production
What's included
This report contains:
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