Nickel Price. News on LME Nickel,Nickel Oxide,Mining,Nickel Sheets Plating &Nickel Updates

Nickel

December 22nd 2021

The supply outlook for higher-grade nickel looks less certain.

The monthly smelter/refinery output of nickel totalled 243.6kt in October this year.

The monthly smelter/refinery output of nickel totalled 253.2kt in September this year.

The Chinese production will rise from 655,000 tonnes in 2021 to 673,000 tonnes in 2022.

The monthly smelter/refinery output of nickel totalled 258.9kt in August this year.

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.

Base Metals		VIEW ALL
Alumina 98.5% min	54320.23	-4250.17
Aluminum Alloy A356	2.70723	0.23
Minor Metals		VIEW ALL
Ammonium heptamolybdate 54% min	2255712.78	-37063.86
Ammonium metavanadate 98% min	1707632.27	192264.43
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%	129581.62	3238.9
Cerium Metal 99% min	455486.05	17560.45

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