Global Ni supply, demand growth likely in sync in 2022
November 25, 2021
The world’s nickel supply and demand growth is very likely to be in sync in 2022, given the development of new projects on both the nickel production and consumption sides. The growth next year from both the supply and demand sides is expected to be about 300,000-350,000t. An estimated stainless steel production growth of 5pc in China in 2022 will bring in around 100,000t of demand for products with high nickel content, while the nickel-containing power battery sector is expected to create 150,000-200,000t of nickel demand next year.
(Source: Argus Media)