Nickel long-term forecast

Access price data and market intelligence to give you a transparent view of how the nickel market will evolve

Our nickel long-term forecasts are part of a set of products including long-term forecasts for lithium, cobalt, graphite, copper, manganese sulfate and recycled materials

Nickel is critical to electric vehicle (EV) and energy storage system (ESS) growth, as well as to support traditional uses. But the nickel market itself is in flux as new supply comes online and new methods emerge to expand battery-grade nickel.

As well as its use in EV batteries, roughly 70% of global production is for stainless steel – particularly in China. End-use markets for stainless steel are strong, including construction and automotive, as well as appliances and flatware.

The Fastmarkets nickel long-term forecast leverages our heritage in providing price data and market intelligence in the nickel market. These insights are paired with expert economic modeling and data to provide market participants and investors with unmatched clarity on how the nickel market will evolve in the next 10 years.

 

The 10-year nickel long-term forecast includes:

 

  • Price forecasts for the LME nickel price and the nickel sulfate premium 
  • Supply/demand balances for nickel across the 10-year horizon 
  • Analysis of the pricing mechanisms used, including the use of premiums 
  • Covers ramp up of MHP and matte production in Indonesia and build out of refining capacities for battery grade nickel sulfate 
  • Demand analysis by vehicle type and cathode chemistries, and traditional uses 
  • Access to expert analysts 

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