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 Suitable nickel supply can be found from two sources: nickel sulfide deposits and nickel limonite deposits, the latter being a … The comprehensive research methodology is classified into primary and secondary research. wiseguyreports 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. For full details go to https://investingnews.com/accredited-investor-definition/ or search for "accredited investor" in the search bar above. And remember you can unsubscribe at any time. 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Looking ahead, Shah said CRU is expecting to see strong supply growth in NPI from Indonesia. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. According to Roskill, stainless steel will continue to dominate the demand side of the nickel market throughout the decade. 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!) *Please note that "Nickel: 2020 World Market Review and Forecast" is a half ready publication and contents are subject to changes and additions. 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. “By 2030, we forecast nickel demand from the batteries sector to account for a little over 25 percent of the total nickel market,” Anderson said. The details offered here primarily consider the crucial factors like prominent players, revenue garnered, etc. And by 2040, nickel demand from … CRU’s Shah agreed, saying the impact from COVID-19 has been much greater on demand than supply. Over the outlook period, Roskill forecasts that nickel use in batteries will grow from around 3–4% of nickel demand, to account for as much as 15–20% of the market. Cordially get in touch for more details. 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. Recovery pillars The bulk of the nickel mined comes from two types of ore deposits: Detailed analysis offers a thorough insight into the ongoing trends and forecast during review period of 2026. 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. “The incredible growth in production in Indonesia, combined with the demand destruction of COVID-19, has moved our forecast from one of deficits and higher prices as of the end of 2019 to one of surplus and stagnating/lower prices,” Mitchell said. tries to define some of the boundaries that are reasonable in today's world. 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. Get the latest information about companies associated with Nickel Investing Delivered directly to your inbox. 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. “EVs fall into this arena, and we could see ex-China a bit of an acceleration above what we currently forecast — but it will take time.”. “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. 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. Editorial Guidelines The report thus highlights the sales revenue earned and all details regarding product classification. “There’s potential for nickel prices to correct from current levels in the second half of the year.”. If demand picks up, supply of refined and raw materials will be unable to meet it, and should lead to rapid price gains. 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. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. All Right Reserved. This is possibly a function of their remote location and stringent company policies, aimed at minimizing the risk of an outbreak,” he said. If you want more than 20 investor kits, you need to make multiple requests. Green trend stirs copper and nickel markets as supply tightens. Shah also mentioned that the recovery in stainless steel demand from ex-China is a key factor to watch. 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. “For nickel, we are waiting to see whether the Indonesian NPI producers are impacted by any outbreaks in the locations they operate,” Anderson said. 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. “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. The demand surge will be for battery grade nickel sulphate best extracted from nickel sulphide ore. By … We estimate that mined nickel supply will grow 12% from 2017 to 2020. 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. This bodes well for nickel demand – and in particular class 1 nickel – because only class 1, with its high purity and dissolvability, is suitable for battery manufacturing. Moving forward, risk also comes from how much NPI supply will be put into operation. 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. In every electric vehicle (EV) battery, there’s a complex chemistry of metals – cobalt, lithium, nickel and more. email us 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. The commodities market has lived up to its reputation for volatility in 2020, with COVID-19 creating supply and demand scenarios that have left even veteran traders uncertain about not only where markets are headed, but where they sit presently. It, too, goes through all those factors acting as constraints for the market growth during review period. By selecting company or companies above, you are giving consent to receive communication from those companies using the contact information you provide. Nickel 'battery' demand is forecast to increase by 14x from 2019 to 2030. He also pointed to several battery-grade intermediate nickel projects under construction in Indonesia. Corporate video 2020 update below featuring New Spin out Canada Nickel Company. 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. 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. Nickel right now is about a 2.1 million ton per annum market. NOTE : Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Your help is welcome. CRU Group’s Nikhil Shah also told INN that the surprise has been how quickly the rebound in prices happened given nickel’s fundamentals. Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article. Details offered here include the key technologies meant for the manufacturing and those applications contributing to the international Nickel Steel market's growth. The incremental demand for nickel on the back of the EV revolution could be on the order of … With the second half of the year now in full swing, the Investing News Network (INN) caught up with analysts, economists and experts alike to find out what’s ahead for nickel supply, demand and pricing. RURIKA IMAHASHI, Nikkei staff writer November 30, 2020 … © 1995-2021 IPD Group, Inc. dba EIN Presswire 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. As a result, the global nickel industry may “China is coming back strongly, but questions remain as to whether end-use demand will return as opposed to just first use,” he said. Tesla Inc. is in talks with BHP Group on a nickel deal as the electric-car maker targets higher production and seeks to avoid a supply crunch, according to people familiar with the matter. mere 3 million vehicles in 2017 to as many as 31 million by 2025. “NPI projects can be announced and operational within a couple of years, so that additional supply could be added on top of an oversupplied (post-COVID-19) market.”. 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. “We anticipate the price to improve a little through H2 2020, supported by a partial demand recovery, especially in China.”. 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. 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. WiseGuyRerports.com Presents “Global Nickel Steel Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” New Document to its, PUNE, MAHARASTRA, INDIA, December 14, 2020 /EINPresswire.com/ -- Global Nickel Steel Market Summary. 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. Nickel started the year trading at US$14,070, but as mentioned in March it fell to US$11,055, its lowest level so far this year. 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. 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 report takes those aspects into account, which play a major role in generation of profit. 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… 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. We boast a database spanning virtually every market category and an even more comprehensive collection of market research reports under these categories and sub-categories, Norah Trent All readers are encouraged to perform their own due diligence. By 2030, Roskill sees battery demand soaring to 738,000 tonnes — equal to 20% of global nickel demand. Some investment opportunities are limited to accredited investors. “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.”. But the second quarter saw nickel demand picking up, especially in the Asian country. Despite the economic weakening due to the COVID-19 pandemic, Europe and China have strengthened their EV subsidy programs and maintained their CO2 and EV targets, which Roskill believes will continue to support EV adoption and therefore nickel demand from the battery space. Nickel Steel Market 2020 Industry Trends, Sales, Supply, Demand, Analysis & Forecasts to 2026 Wise Guy Reports features an exhaustive list of market research reports from hundreds of publishers worldwide. For 2017, it is predicted that nickel supply will exceed two million metric tons worldwide. “This should result in a gradual improvement in demand, albeit from a low base.”. “This is not supported by fundamentals, (it’s) more sentiment and perception,” he said. Starting with the basic aspects, the report offers a comprehensive overview of the Nickel Steel market. The presentation materials are based on data from the Q2 2020 Nickel Long-Term Outlook and the Q2 2020 Nickel Industry Costs Update. Fast forward to 2025, if demand for EVs really does double as forecast, then demand could outstrip supply by as much as 20%. “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.”. EIN Presswire's priority is source transparency. Looking at the next six months, Mitchell is expecting very little to happen on the demand side. “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.”. In the near-term (2020 – 2022) it’s a fairly safe bet that cobalt supply will continue to be enough to meet demand, or be more or less in balance up to 2023. for more information. NorNickel Corp Presentation – May 2020 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! Demand from the stainless steel market is expected to remain the dominant driver for nickel in 2020, accounting for an estimated 70% of nickel market share. Even so, 2020 saw investor speculation jump on hopes of increased demand from the battery sector. EIN Presswire, Everyone's Internet News Presswire™, … “This is because of the speed at which additional NPI projects become operational after being announced,” Anderson said. Another key catalyst to pay attention to as the year comes to a close is the performance of the Indonesian high-pressure acid leach projects as they should get close to commencing production. 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. Demand high but Biden factor and China dominance fuel uncertainty. The nickel market already demonstrates dynamic supply/demand fundamentals, and an additional challenge to the market in 2020 comes from the … The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. This statistic shows a forecast of the volume of nickel supply globally from 2015 to 2020. )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. 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. Nickel (Ni) is a transition element that exhibits a mixture of ferrous and nonferrous metal properties. Nickel’s price performance has been a surprise to the upside year-to-date, according to Andrew Mitchell, Wood Mackenzie’s research director. “This is significant because it supplies NPI to Chinese stainless steel mills as well as integrated domestic operations.”. “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. Please see our “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. “These regions have, so far, remained unimpacted by COVID-19. As the second half of the year begins, the world continues to be challenged by the uncertainty from COVID-19, with commodities being no exception. Read the previous nickel price update market research nickel supply and demand 2020 from hundreds of publishers worldwide 's Internet Presswire™. 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