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Global Nickel Market Sees 66,000 Tonne Deficit In 2017
Oct 28, 2016

Global nickel market sees 66,000 tonne deficit in 2017

Global output of nickel is expected to rise to 2.05 million tonnes in 2017, up from 1.93 million in 2016

Vijaykumar Vedala & Melanie Burton  |  Bengaluru/ Melbourne 

The global market is seen in a 66,000 tonne deficit next year, in line with this year, on growing demand from the sector, the Study Group (INSG) said.

Global demand for is expected to increase to 2.11 million tonnes in 2017, up from 2.00 million tonnes in 2016, the Lisbon-based group said.



Global output of is expected to rise to 2.05 million tonnes in 2017, up from 1.93 million in 2016. The forecast a 67,000 tonne deficit for this year.

is by far the biggest consumer of nickel.

Demand is also growing from the aerospace industry and battery sectors, the said, with benefiting from increased use of renewable energy.

pig iron (NPI) production in China continued to fall in 2016 after Indonesia banned ore exports in January 2014, while supplies of ore from the Philippines also fell, it said.

pig iron is a lower content substitute for refined nickel.

In Indonesia, NPI production is expected to increase in 2016 and in 2017 due to the ramp-up of new projects, it said.