Tag: nickel production

The world nickel market in 2023 – large surplus expected

The world nickel market in 2023 – large surplus expected

Government and industry representatives met for the recent International Nickel Study Group reviewing its forecasts for nickel production and use in 2023.
The stainless steel sector accounted for over 70% of nickel usage in 2021; however, demand for electric vehicle batteries surpassed 11% market share in 2021.

The world nickel market in 2022 – return to surplus expected

International Nickel Study Group meeting gave a brief overview of recent developments in global nickel production and use for 2022.
Global demand for nickel

Global demand for nickel: Nickel Institute

According to the Nickel Institute, around 75% of the world's stainless steel production is accounted for by grades containing nickel. The demand for nickel is...
Global nickel production likely to grow by 6.8% in 2021

Global nickel production likely to grow by 6.8% in 2021

Global nickel mine production is expected to grow by 6.8% to reach 2.42 million t in 2021, after registering an estimated 4.2% decline to 2.27 million t in 2020, owing to COVID-19-related lockdowns and restrictions, says GlobalData.

Sumitomo to increase nickel output

Sumitomo Metal Mining Co Ltd has announced plans to up its nickel production by 23% and keep its copper output relatively unchanged in the 2010 Japanese fiscal year.