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Nickel

October 12th 2021

The primary nickel production in 2021 is likely to total 2.6 million tonnes, thus resulting in a deficit of 134,000 tonnes.

It must be noted that the primary nickel market had reported calculated surplus of 92.7kt in the whole of the previous year.

The world apparent demand for nickel has increased by 255kt year-on-year.

On the other hand, New Caledonia suffered significant decline by 32% in production, which totalled 28 kt during Jan-Mar ’21.

It marks low risk entry into the nickel beneficiation business and increases downstream exposure to the battery metals value chain.

The world apparent demand for nickel registered increase by 229kt than 2020.

The mine production stood higher by 123kt over the previous year at 821.3kt during Jan-Apr’21.

The spot nickel prices at London Metal Exchange (LME) are likely to witness decline in the coming months.

Meantime, the unionized refinery workers in Port Colborne voted in favour of the new agreement.

The world apparent demand for nickel has increased by 79kt year-on-year.

The proceeds of the sale transaction will be utilized by First Quantum Minerals to reduce its overall debt.

The world apparent demand for nickel has increased by 48kt year-on-year.

On the contrary, the Chinese apparent demand was up marginally by 5kt than in the previous year.

The greenfield and brownfield nickel projects currently under development in Australia will contribute to new mined supply in a big way.

Base Metals		VIEW ALL
Alumina 98.5% min	50558.04	12717.8
Aluminum Alloy A356	2.70723	0.23
Minor Metals		VIEW ALL
Ammonium heptamolybdate 54% min	2489611.41	151162.83
Ammonium metavanadate 98% min	1605161.61	-330749.64
High Purity Metals		VIEW ALL
Aluminum ingot purity 9999900	41900.00	0
Aluminum oxide purity 9900000	12100.00	0
Rare Earth		VIEW ALL
Cerium carbonates TREO 45% min, CeO2 / REO 100%	131194.44	1088.1
Cerium Metal 99% min	429641.55	3561.48

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