Nickel Global Market And Trend
Date : 2021-12-31
Reading : 934
Nickel is a silvery-white metal. Nickel metal has excellent ductility, magnetic properties, corrosion resistance, high-temperature resistance and chemical stability. Nickel ore is mainly divided into laterite nickel ore and nickel sulfide ore. The nickel laterite RKEF method is the current mainstream technology for smelting ferronickel. The process flow is: heap batching - drying kiln drying - rotary kiln roasting pre-reduction - electric furnace melting - ingot casting.
The global market size of nickel was 2.01 million tons in 2016, and the global market size grows to 2.54 million tons in 2021, with a CAGR of 4.8% from 2016 to 2021. Driven by the steady growth of stainless steel demand, the rapid growth of power battery demand, the global market size of a nickel is expected to increase to 3.87 million tons in 2026, with a CAGR of 6.8% from 2021 to 2026.
Global nickel reserves of 95 million metal tons in 2020, mainly in Indonesia, Australia, Brazil, Russia and other countries. The following is the global nickel resource reserves distribution.
The main application of nickel includes stainless steel, alloys, electroplating, power batteries, etc. Among them, stainless steel has a wide range of downstream applications, accounting for 70% of the nickel consumption structure.
The global market size of nickel was 2.01 million tons in 2016, and the global market size grows to 2.54 million tons in 2021, with a CAGR of 4.8% from 2016 to 2021. Driven by the steady growth of stainless steel demand, the rapid growth of power battery demand, the global market size of a nickel is expected to increase to 3.87 million tons in 2026, with a CAGR of 6.8% from 2021 to 2026.
Global nickel reserves of 95 million metal tons in 2020, mainly in Indonesia, Australia, Brazil, Russia and other countries. The following is the global nickel resource reserves distribution.
The main application of nickel includes stainless steel, alloys, electroplating, power batteries, etc. Among them, stainless steel has a wide range of downstream applications, accounting for 70% of the nickel consumption structure.