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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 nickel market is seen in a 66,000 tonne deficit next year, in line with this year, on growing demand from the stainless steel sector, the International Nickel Study Group (INSG) said. Global demand for nickel 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 nickel is expected to rise to 2.05 million tonnes in 2017, up from 1.93 million in 2016. The INSG forecast a 67,000 tonne deficit for this year. Stainless steel is by far the biggest consumer of nickel. Demand is also growing ...

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First Published: Fri, October 28 2016. 00:21 IST
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