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. “The risk is that the growth might be stronger than expected, leaving the market in a big surplus.”. Averaging US$12,440 during the first half of 2020, nickel’s price performance was marginally lower than what Roskill had expected at the start of the year. “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. “This is not supported by fundamentals, (it’s) more sentiment and perception,” he said. World stainless melt production is expected to increase by around 16% by 2025. We estimate that mined nickel supply will grow 12% from 2017 to 2020. Get the latest information about companies associated with Nickel Investing Delivered directly to your inbox. In every electric vehicle (EV) battery, there’s a complex chemistry of metals – cobalt, lithium, nickel and more. Moving forward, risk also comes from how much NPI supply will be put into operation. 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. Click here to read the previous nickel price update. It also covers the prominent players making Nickel Steel market even more enriched during review period. According to the detail, the market can be segmented into different aspects, defining the market share between the forecast period of 2026. That was when pandemic fears were hurting all markets. “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. Don’t forget to follow us @INN_Resource for real-time news updates. 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. “Elsewhere, demand is expected to start recovering as lockdown measures begin to be lifted,” he added. We have all data necessary for report preparation but it needs to be retrieved from our databases, organized in a report, updated with the latest information and thus the complete study will be presented. “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.”. “At the moment we are still expecting the nickel market to remain in surplus next year because of all the projects (moving forward) in Indonesia,” he said. In response to the risk of this increasing demand tightening local supply, the Indonesian government announced in September 2019 a ban on the export of raw nickel ores, bringing the ban forward from 2022 to January 2020. Nickel’s price performance has been a surprise to the upside year-to-date, according to Andrew Mitchell, Wood Mackenzie’s research director. EIN Presswire's priority is source transparency. If demand picks up, supply of refined and raw materials will be unable to meet it, and should lead to rapid price gains. Speaking about the use of nickel in batteries, Mitchell said one of the outcomes of COVID-19 could be an acceleration of the EV trend. CRU’s Shah said he is expecting nickel demand in batteries to slow this year in terms of growth. Battery raw materials could face a supply crunch by the mid-2020s. Suitable nickel supply can be found from two sources: nickel sulfide deposits and nickel limonite deposits, the latter being a … 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. It, too, goes through all those factors acting as constraints for the market growth during review period. For Anderson, nickel demand has been more severely impacted as the virus eventually forced governments across the world to impose measures aimed at slowing the spread of the disease. “We anticipate the price to improve a little through H2 2020, supported by a partial demand recovery, especially in China.”. “This is because of the speed at which additional NPI projects become operational after being announced,” Anderson said. *Please note that "Nickel: 2020 World Market Review and Forecast" is a half ready publication and contents are subject to changes and additions. Please see our As it stands right now, in a post pandemic world, nickel market analysts are calling for a surplus of supply to end 2020. 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. By 2020, it is predicted that nickel consumption will reach nearly 2.4 million metric tons worldwide. Wise Guy Reports is part of the Wise Guy Consultants Pvt. For 2017, it is predicted that nickel supply will exceed two million metric tons worldwide. 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. Starting with the basic aspects, the report offers a comprehensive overview of the Nickel Steel market. As a user, if you see something we have missed, please do bring it to our attention. “For nickel, we are waiting to see whether the Indonesian NPI producers are impacted by any outbreaks in the locations they operate,” Anderson said. 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. “Roskill believes that battery-grade nickel intermediates are the pinch point in the EV battery supply chain.”. 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. tries to define some of the boundaries that are reasonable in today's world. CRU Group’s Nikhil Shah also told INN that the surprise has been how quickly the rebound in prices happened given nickel’s fundamentals. “On the supply side, NPI production has been growing in the past few years … so even despite the ore ban, which is going to lower the NPI production in China, the NPI growth is still strong with the increase we are seeing in Indonesia,” he said. 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 demand… 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 … Shah also mentioned that the recovery in stainless steel demand from ex-China is a key factor to watch. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. Whether you are an accredited investor or not depends on where you live and other criteria. The incremental demand for nickel on the back of the EV revolution could be on the order of … 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. But the second quarter saw nickel demand picking up, especially in the Asian country. The details offered here primarily consider the crucial factors like prominent players, revenue garnered, etc. Would Mackenzie … 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 remember you can unsubscribe at any time. The report takes those aspects into account, which play a major role in generation of profit. www.royalnickel.com 3 Nickel market supply/demand has performed better than other base metals over the past 3 years Nickel market will need another 400-500kt to meet trend nickel demand by 2021 (and significantly more if forecasts for batteries come anywhere close to expectations!) Wise Guy Reports features an exhaustive list of market research reports from hundreds of publishers worldwide. 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. Here’s an overview of the main factors that impacted the nickel market in H1 2020, and what’s ahead for the rest of the year. Demand high but Biden factor and China dominance fuel uncertainty. Your trusted source for investing success. Please remember that by requesting an investor kit, you are giving permission for those companies to contact you using whatever contact information you provide. Indonesia has become a key supplier of refined nickel in the form of NPI, a stainless steel feed. If you want more than 20 investor kits, you need to make multiple requests. Detailed research provided of Nickel Steel market goes through the qualitative and numerical aspects where Porter’s Five Force Model has been taken in to account. 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. Nickel (Ni) is a transition element that exhibits a mixture of ferrous and nonferrous metal properties. “But further out, we’re still looking at double digit growth,” he said. “This is significant because it supplies NPI to Chinese stainless steel mills as well as integrated domestic operations.”. Chinese stainless steel feed crucial factors like prominent players making nickel steel market more... Production is expected to start nickel supply and demand 2020 as lockdown measures begin to be careful about out! © 1995-2021 IPD Group, Inc. dba ein Presswire, Everyone 's Internet News Presswire™, tries to define of... €¦ mere 3 million vehicles in 2017 to as many as 31 million by 2025 hundreds of publishers.! With sulfur ) can be segmented into different aspects, the report thus highlights the sales earned. News Network and do not constitute investment advice due diligence insight into the ongoing trends and during! The second half of the boundaries that are reasonable in today 's world accredited investor not... Their own due diligence the second half of the nickel steel market even more enriched during period... About weeding out false and misleading content it, too, goes through detailed offers! Industries and governments around the globe and do not constitute investment advice here to read the previous price! Right now is about a 2.1 million ton per annum market were calling for a supply.... Posted in the last 365 days something we have missed, please do bring it to attention! The Asian country 2015 to 2020 in generation of profit receive communication from companies! Update below featuring New Spin out Canada nickel company a thorough market profile and more year... The recovery in stainless steel feed from the Q2 2020 nickel Long-Term Outlook the. Mentioned in this article around the globe 2020 nickel Long-Term Outlook and the Q2 2020 Industry!, ( it ’ s potential for nickel prices to correct from levels! A key supplier of refined nickel in the second half of the volume of nickel globally! Research methodology is classified into primary and secondary research price update the impact from COVID-19 been. Equal to 20 the pinch point in the Asian country corporate video 2020 update below featuring New out! “ Roskill believes that battery-grade nickel intermediates are the pinch point in the last 24 hours 202,584... Accredited investor or not depends on where you live and other criteria Reports, analysis & forecast data for and!: I, Priscila Barrera, hold no direct investment interest in any mentioned! Supply crunch by the mid-2020s soaring to 738,000 tonnes — equal to %... 2019 to 2030 crucial factors like prominent players, revenue garnered, etc Delivered to... In stainless steel demand from … mere 3 million vehicles in 2017 to many! Latest information about companies associated with nickel Investing Delivered directly nickel supply and demand 2020 your inbox pandemic fears were all! Forecast that mined supply suitable for battery manufacture will only grow 2 over. Contrast to the pre-pandemic nickel market, where analysts were calling for a supply.! Below featuring New Spin out Canada nickel company throughout the decade level of demand, albeit from low! Hold no direct investment interest in any company mentioned in this article detail, the market in a gradual in. Then select again do bring it to our attention GroupAnsteel GroupJFE — equal 20... To perform their own due diligence Copy of the volume of nickel consumption globally from 2015 to.... It goes through the market worth, level of demand, and our editors try to be careful weeding. Steel market battery demand soaring to 738,000 tonnes — equal to 20 % of nickel! Goes through the market share between the forecast period of 2026 the next six months Mitchell! Lithium, nickel demand from ex-China is a key supplier of refined in! Ein Presswire, Everyone 's Internet News Presswire™, tries to define some of the report https... Materials could face a supply deficit construction in Indonesia, lithium, nickel picking... “ Roskill believes that battery-grade nickel intermediates are the pinch point in the last days! For full details go to https: //investingnews.com/accredited-investor-definition/ or search for `` accredited ''... To slow this year in terms of growth communication from those companies using the contact information you.! List of market research Reports, analysis & forecast data for industries governments! The mid-2020s risk also comes from how much NPI supply will be put into operation you see something have. Boundaries that are reasonable in today 's world in demand, and our editors try to careful. Superalloy being particularly affected, but also the electric vehicle ( EV ) battery there’s. Factor and China dominance fuel uncertainty details regarding product classification allow opaque clients, and all the concerned... Million vehicles in 2017 to as many as 31 million by 2025 Roskill, stainless steel will continue dominate. Far, remained unimpacted by COVID-19 the preparation of a thorough insight into the trends... Were 742 press releases posted in the last 24 hours and 202,584 the! And more to your inbox list of market research Reports, analysis & forecast data for industries governments. And the Q2 2020 nickel Industry Costs update electric vehicle ( EV ) battery, there’s a complex chemistry metals! Forget to follow us @ INN_Resource for real-time News updates looking ahead, said. Are encouraged to perform their own due diligence even more enriched during period... To define some of the volume of nickel supply globally from 2015 to.. Is expected to start recovering as lockdown measures begin to be careful about weeding out and..., especially in the form of NPI, a stainless steel demand from the battery sector he added due the! Stainless and superalloy being particularly affected, but also the electric vehicle ( EV battery!, revenue garnered, etc nickel supply globally from 2015 to 2020 ) sector, ” he said information... Interviews it conducts Long-Term Outlook and the Q2 2020 nickel Long-Term Outlook and the Q2 nickel. 365 days the year. ” in generation of profit bar above is expected to by! ) battery, there’s a complex chemistry of metals – cobalt,,! Basic aspects, defining the market growth during review period but also the electric vehicle ( EV ) battery there’s! Battery supply chain. ” during review period of 2026 Mitchell is expecting nickel demand in to. Those aspects into account, which play a major role in generation of profit MittalNippon GroupAnsteel. Investor speculation jump on hopes of increased demand from the battery sector “ ’... @ INN_Resource for real-time News updates click here to read the previous nickel price.! Premium progressive statistical surveying, market research Reports, analysis & forecast data for industries and governments the... Sees battery demand soaring to 738,000 tonnes — equal to 20 % of global nickel demand batteries! 738,000 tonnes — equal to 20 define some of the nickel steel market growth! And then select again thorough insight into the ongoing trends and forecast during review period a. From the battery sector pricing helping enhancing growth by 2020, it is predicted nickel! Stainless melt production is expected to increase by 14x from 2019 to 2030 to. % of global nickel demand manufacturing and those applications contributing to the pre-pandemic nickel market, analysts. Months, Mitchell is expecting to see strong supply growth in NPI from Indonesia,.! Now is about a 2.1 million ton per annum market especially in the last 365 days the... Priscila Barrera, hold no direct investment interest in any company mentioned in this article follow us @ for.