Global Supply and Demand of Nickel in 2023 / Supply Shortage of 63,000 Tons / Shortage to Ease from Last Year Due to Increase in NPI Production / Predicted by Sumitomo Metal Mining (SMM)
SMM put together a set of predictions regarding the global supply/demand balance of nickel in 2023, and expects to see a supply shortage of 63,000 tons. The supply shortage in 2022 is predicted to be 108,000 tons. In 2023 demand for nickel will increase for such uses as those for stainless steel and for batteries. In terms of overall...
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