Nickel right now is about a 2.1 million ton per annum market. But the second quarter saw nickel demand picking up, especially in the Asian country. That was when pandemic fears were hurting all markets. This is possibly a function of their remote location and stringent company policies, aimed at minimizing the risk of an outbreak,” he said. NorNickel Corp Presentation â May 2020 Moving forward, risk also comes from how much NPI supply will be put into operation. “This should result in a gradual improvement in demand, albeit from a low base.”. The report goes through a regional study of the Nickel Steel market where all those aspects offering a competitive advantage to the prominent players have been identified. It is both siderophile (i.e., associates with iron) and chalcophile (i.e., associates with sulfur). Cobalt Outlook 2021: Demand to Rise, Higher Price Environment Ahead, Aluminum Outlook 2021: Surplus Expected, Lower Prices Ahead, Lithium Forecast 2021: Execs Optimistic on Long-term EV Trend, Biotech Outlook 2021: IPO Craze to Continue Amid COVID-19 Recovery, Start Here! While the country was the first to be affected by the COVID-19 pandemic, it was also the first to begin to lift lockdown measures, Anderson said. “There’s potential for nickel prices to correct from current levels in the second half of the year.”. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. “Also, how China continues to raise its stainless production, and how Chinese NPI production rates begin to be impacted by declining ore availability and how this will stabilize to production levels in 2021.”. Get the latest information about companies associated with Nickel Investing Delivered directly to your inbox. PEKNi-base Corrosion Resistant AlloyOthers, Nickel Steel Market Segment by Application, Construction Automotive Shipbuilding Machinery, Nickel Steel market regional and country-level analysis, North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, Colombia etc. The demand surge will be for battery grade nickel sulphate best extracted from nickel sulphide ore. By â¦ It goes through detailed analysis for the preparation of a thorough market profile. “This is because of the speed at which additional NPI projects become operational after being announced,” Anderson said. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. Upon taking other factors into account, the Nickel Steel market research can be useful for studies ranging from recent trends, preparing detailed profiling of key players, factors causing growth, aspects driving the market, etc. Even so, 2020 saw investor speculation jump on hopes of increased demand from the battery sector. CRU’s Shah said he is expecting nickel demand in batteries to slow this year in terms of growth. Woodmac is expecting nickel prices to decline in the second half of the year from current levels, leaving the average for the year at around the US$12,300 to US$12,500 range. All readers are encouraged to perform their own due diligence. By 2030, Roskill sees battery demand soaring to 738,000 tonnes â equal to 20% of global nickel demand. During the first half of 2020, mining and refining facilities for nickel were disrupted at a global scale, from the Philippines to Canada, as a result of coronavirus containment measures. And by 2040, nickel demand from â¦ It goes through the market worth, level of demand, and all the elements concerned with pricing helping enhancing growth. “Stainless and superalloy being particularly affected, but also the electric vehicle (EV) sector,” he said. He also pointed to the demand impact in China from the stainless steel segment due to the pandemic. On the outlook of nickel, Roper sees a tighter nickel market in 2020, as nickel prices have surged as Indonesia has bought forward the ban on nickel ore exports â¦ Cordially get in touch for more details. *Please note that "Nickel: 2020 World Market Review and Forecast" is a half ready publication and contents are subject to changes and additions. “However, Indonesian nickel pig iron (NPI) production has soared through early 2020, which has helped to make up for falls in refined nickel supply elsewhere.”. “Roskill believes that battery-grade nickel intermediates are the pinch point in the EV battery supply chain.”. Shah also mentioned that the recovery in stainless steel demand from ex-China is a key factor to watch. As it stands right now, in a post pandemic world, nickel market analysts are calling for a surplus of supply to end 2020. Get Free Sample Copy of the Report@ https://www.wiseguyreports.com/sample-request/4001703-global-nickel-steel-market-2019-by-manufacturers-regions, Arcelor MittalNippon SteeBaosteel GroupAnsteel GroupJFE. Don’t forget to follow us @INN_Resource for real-time news updates. Additionally, he pointed to an ongoing trend in the battery space — the apparent increase in lithium-iron-phosphate battery use in China, which seems to have had a recent resurgence. Nickel Steel Market 2020 Industry Trends, Sales, Supply, Demand, Analysis & Forecasts to 2026 “We expect primary refined nickel supply to decline by a little more than 1 percent year-on-year in 2020 because of the disruptions,” Anderson said. Some investment opportunities are limited to accredited investors. By considering all these, a thorough study of the Nickel Steel market in terms of opportunities, strengths, constraints, and weaknesses can be comprehensively gone through. He also pointed to several battery-grade intermediate nickel projects under construction in Indonesia. By 2020, it is predicted that nickel consumption will reach nearly 2.4 million metric tons worldwide. For investors interested in the nickel space, Mitchell said it will be key to watch the ongoing development of capacity in Indonesia in the NPI space. The report also offers a detailed study of local market trends, factors affecting the growth, the factors concerned with management aspects, and factors related to the market as per the segmentation. “China is coming back strongly, but questions remain as to whether end-use demand will return as opposed to just first use,” he said. Over the outlook period, Roskill forecasts that nickel use in batteries will grow from around 3â4% of nickel demand, to account for as much as 15â20% of the market. Commenting on what could happen to supply in the coming months, he said risk exists this year in terms of whether Indonesian NPI supply could be disrupted by a COVID-19 outbreak in Sulawesi, the region where these companies operate. Prices made a comeback in Q2, and even though they did not reach their highest level of the year, they ended the quarter up by 15 percent from their lowest mark, reaching US$12,790 on June 30. Select 20, complete the request and then select again. for more information. This is in sharp contrast to the pre-pandemic nickel market, where analysts were calling for a supply deficit. Fast forward to 2025, if demand for EVs really does double as forecast, then demand could outstrip supply by as much as 20%. But the metal was able to rebound in the second quarter, making its way back above US$12,000 by the end of the period on the back of China’s recovery. “This is not supported by fundamentals, (it’s) more sentiment and perception,” he said. Wood Mackenzie estimates strong demand from non-stainless applications, increasing by approximately 5% a year, from approximately 750 kt in 2019 to 980 kt in in 2025 and 2.11 Mt in 2040. “One thing that may come out of the situation is that certainly ‘noises’ are being made about supporting companies via government grants; that focus will need to be on the cares of the younger generation, and in particular the environment,” he said. As a user, if you see something we have missed, please do bring it to our attention. It also covers the prominent players making Nickel Steel market even more enriched during review period. Click here to read the previous nickel price update. Based on 36 kgs of nickel per electric car that equates to 180,0000 tonnes pa of nickel required to feed electric cars in 2020, or about 7% of total nickel demand up from almost zero in 2015. wiseguyreports Would Mackenzie â¦ There were 742 press releases posted in the last 24 hours and 202,584 in the last 365 days. It, too, goes through all those factors acting as constraints for the market growth during review period. “These regions have, so far, remained unimpacted by COVID-19. According to Roskill, stainless steel will continue to dominate the demand side of the nickel market throughout the decade. RURIKA IMAHASHI, Nikkei staff writer November 30, 2020 â¦ mere 3 million vehicles in 2017 to as many as 31 million by 2025. Nickel prices were volatile in the first six months of the year, with prices touching their lowest level of U$11,055 per tonne in March when the pandemic hit commodities across the board. The recent call for more nickel mining from Tesla’s (NASDAQ:TSLA) Elon Musk suggests that the base metal‘s future in batteries for electric cars continues to be bright — but in the short-term stainless steel will be the main driver of the market. Significantly for nickel, the firm forecasts that the lithium-ion batteries that power EVs will utilize increasingly nickel-rich cathode chemistries (NCM622, NCM712 and NCM811). “These nickel-rich cathodes will also be joined by non-nickel-containing cathodes such as lithium iron phosphate, which is favored in the Chinese market for its lower cost and safety record in powering EVs.”. email us here. 646 845 9349 / +44 208 133 9349 The report thus highlights the sales revenue earned and all details regarding product classification. This sustained period of strong growth is driven by our forecasts of nickel consumption in Li-ion batteries for electric vehicles (EVs) and energy storage (ES), which we anticipate will accelerate from the mid- to late-2020s. The presentation highlights why we haven't seen more supply response from producers and why future demand for nickel will be supported by China more than any other region during the recovery period post-pandemic. The bulk of the nickel mined comes from two types of ore deposits: Aug 27 (Reuters) - Nickel prices rose to their highest in more than nine months on Friday, as steady demand from the stainless steel sector and supply worries from top producer Indonesia boosted sentiment. In his view, this means that supply markets are likely to diverge and split between stainless steel, a sector that consumes 72% of global nickel production, and EV demandâ¦ Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Steady growth in supply from major producers and weak demand left the global Nickel market with a surplus of 76,300 tonnes in the first half of 2020 against the deficit of 31,200 tonnes during the similar period in 2019 (data from the INSG). “The timely development of these projects to produce battery-grade nickel to feed the lithium-ion battery market could be under threat,” the expert said. “Elsewhere, demand is expected to start recovering as lockdown measures begin to be lifted,” he added. A regional study of the Nickel Steel market is focused on offering a complete assessment of the market size and future growth opportunities during the review period. Nickel poised to be metal of 2020 as demand-supply fundamentals take hold, say commodity followers | Resources Rising Stars Nickel poised to be metal of 2020 as demand-supply fundamentals take hold, say commodity followers Nickel won the gold medal at a major metals conference in London this week 1st November 2019 And remember you can unsubscribe at any time. The Nickel Steel market has been quite diverse due to established status of the prominent market players making a significant contribution in establishing the marker. “Low demand has resulted in the market switching to surplus and a swelling of stocks,” Roskill Senior Analyst Jack Anderson told INN. “This is significant because it supplies NPI to Chinese stainless steel mills as well as integrated domestic operations.”. World stainless melt production is expected to increase by around 16% by 2025. The presentation materials are based on data from the Q2 2020 Nickel Long-Term Outlook and the Q2 2020 Nickel Industry Costs Update. When looking at nickel’s fundamentals, Mitchell told INN that the coronavirus has had a major impact on demand globally, and while China is now returning strongly, the rest of the world will take a few years to get back to 2019 levels. “I think that is a concern, given that fundamentally we look at the market being in surplus this year,” he said. )Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa), Make Report Enquiry@ https://www.wiseguyreports.com/enquiry/4001703-global-nickel-steel-market-2019-by-manufacturers-regions, 1 Market Overview2 Company Profiles3 Market Competition, by Players4 Market Size by Regions5 North America Revenue by Countries6 Europe Revenue by Countries7 Asia-Pacific Revenue by Countries8 South America Revenue by Countries9 Middle East & Africa Revenue by Countries10 Market Size Segment by Type11 Global Market Segment by Application12 Global Market Size Forecast (2021-2025)13 Research Findings and Conclusion14 Appendix. Looking ahead, Shah said CRU is expecting to see strong supply growth in NPI from Indonesia. According to the International Nickel Study Group, the global nickel supply deficit is expected to ease from 144,000 metric tons in 2018 down to 79,000 tons in 2019. Detailed research provided of Nickel Steel market goes through the qualitative and numerical aspects where Porterâs Five Force Model has been taken in to account. Unfortunately, this demand is struggling against an increasingly tightening supply of the essential metal. Please see our Hereâs an overview of the main factors that impacted the nickel market in H1 2020, and whatâs ahead for the rest of the year. Supply has been less impacted by the pandemic, according to Mitchell, as in most countries mining was deemed an important industry to maintain — that said, production was lost in Canada, the Philippines, New Caledonia and Madagascar, and to a lesser extent South Africa and Australia. 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