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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.
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