Read the full report here. “We forecast Europe’s stainless melt production rate to recover in 2020, with growth of 7.5%, or 500 kt, to 7.4 Mt. However, there is a suggestion that if LP semis sent to China for rolling are then re-exported – and are not for sale in the Chinese market – they would not be subject to duties. Historically, Nickel reached an all time high of 54050 in May of 2007. Nickel prices grew by 5.7 percent in February continuing a medium-term growth. “Imports, chiefly from Southeast Asia and China, have taken a steadily increasing share of the European stainless steel market in recent years. Philippines will be sustained at around 30 Mt. “Thus, between them, these two operations could increase the availability to battery chemicals streams of nickel in MHP by 20-25 kt in 2020. “I think ultimately securing financing remains the biggest challenge for juniors,” he said. stainless flat products (FPs) – slab and hot rolled coil (HRC) – Delong will Despite the uncertainty brought by the coronavirus pandemic, nickel rebounded sharply this year from Q1 lows seen after COVID-19-related lockdown measures. The Philippines and Russia took the second and third spots, while China came in seventh. Market Drivers 6. MOU signed to explore synergies for Bougouni lithium project, Claim to arbitration against Government of Tanzania continues, Kamoa-Kakula less than six months away from production. For full details go to https://investingnews.com/accredited-investor-definition/ or search for "accredited investor" in the search bar above. For 2020, nickel stockpiles held in LME approved warehouses started the year at 150,690 tonnes and finished at 246,708 tonnes. stainless exports could fall by a further 250 kt, having already declined by an © All content copyright 1997 - 2020 Spintelligent (PTY) Ltd,unless specified otherwise. Nickel market news and Developments Nickel market developments including technological developments, mergers and acquisitions, product launches, business expansions, investments, new plants, and others are included in the report. However, if nickel supply becomes constrained, consumers are going to pay the price. The latest report on Nickel Based Alloys Tube Market provides a comprehensive assessment of the Nickel Based Alloys Tube world market sorting by application, type and region. FocusEconomics’ panel of analysts projects that the price of nickel will fall in the coming months. Looking back at forecasts for 2020, Adrian Gardner, principal analyst for nickel markets at Wood Mackenzie, said demand was much more negatively affected than his firm expected when it first started to analyze the potential impact of COVID-19. “Despite the decline in Chinese domestic NPI production, output of NPI production from Indonesia will be significant such that it can export NPI to China at a lower production cost than Chinese-owned NPI production (based on ore imports from the Philippines) and imported ferronickel,” he added. What’s in store for nickel in 2021? We use cookies for statistical and measurement purposes, to help improve our website and provide you with a better online experience. Many analysts thought nickel would have a quiet 2019, but its year turned out to be stellar. Global nickel short-term outlook December 2020. The LME three-month nickel price made gains during the first two sessions of the week, recovering some of last week's losses. Lithium prices to lift after 2021. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. “This was combined with raw material shortage concerns following the Indonesian ore export ban (implemented at the beginning of the year), with disruptions to ore supply from the Philippines caused by COVID-19 suspensions and adverse weather.”. Be on the Indonesian nickel market, there are some challenges the industry could face as 2021.... December 14 ― their highest point so far this year has remained,... Reported in the global nickel market in 2020, the opposite is anticipated that the global market... Metal ’ s duties on imported stainless HRC from China ’ s.! Far this year could be more than 20 investor kits you can find out more and withdraw your consent any... Immediate mid-year downgrading in Beijing ’ s in store for nickel across these markets is provided the. 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