Different demand dynamics will bifurcate nickel supply

Significance Stainless steel production in China and Indonesia rose in the final months of 2020, tightening the market. Softer recent prices for stainless steel and NPI suggest near-term downside risk. Impacts Over two-thirds of nickel in stainless steel is recycled, but the industry is yet to establish protocols to assess battery recyclability. Curtailing exploration prospects, budget cuts at Russia’s Norilsk Nickel and Australia's Clean TeQ will offset others' modest increases. Norilsk Nickel faces continued Kremlin pressure to answer for the environmental damage caused by last year's large oil spill. Indonesia’s NPI output will gain one-third in 2021, but the extra output will stay onshore, feeding the nation’s stainless steel output.

2015 ◽  
Vol 22 (S1) ◽  
pp. 10-16 ◽  
Author(s):  
Qi-xing Yang ◽  
An-jun Xu ◽  
Peng Xue ◽  
Dong-feng He ◽  
Jian-li Li ◽  
...  

2016 ◽  
Vol 13 (7) ◽  
pp. 558-568 ◽  
Author(s):  
Merja Järvelä ◽  
Markku Huvinen ◽  
Anna-Kaisa Viitanen ◽  
Tomi Kanerva ◽  
Esa Vanhala ◽  
...  

Subject Nickel market tests unprecedented lows. Significance The price of nickel, viewed initially as a favourite metal for 2015, has fallen 40.5% overall last year, making it the worst-performing of the London Metal Exchange (LME)'s six base metals. At current levels, as much as 60% of the global production base is unprofitable and, if commercial rationale were to prevail, a significant part of this overcapacity should be closed. Instead, the supply response has been slow, boosting inventories. Impacts Low nickel prices will bolster the market share of austenitic stainless steel to the detriment of low-nickel alternatives. Lianyungang, China's leading port for nickel ore, will not be able to replace Indonesian volumes with imports from the Philippines. The uptick in merchant premia charged above the LME price in the European and US markets points to near-term stabilisation.


2014 ◽  
Vol 86 (2) ◽  
pp. 146-153 ◽  
Author(s):  
Arkadiy Davydenko ◽  
Andrey Karasev ◽  
Gunnar Lindstrand ◽  
Pär Jönsson

2005 ◽  
Vol 102 (4) ◽  
pp. 329-335
Author(s):  
J. Spiess ◽  
H. Lempradi ◽  
G. Staudinger ◽  
P. Zipp

Author(s):  
Bruno Gonçalves Andrade ◽  
Flavio Souza ◽  
Leonardo Albergaria ◽  
Claudiney Sales Pereira Mendonça ◽  
Adhimar Flavio Oliveira ◽  
...  

Sign in / Sign up

Export Citation Format

Share Document