News Info
Nickel surplus to grow in 2021 on Indonesia: Norilsk
30th of April ,2021

The nickel surplus will rise to 95,000 metric tonnes (t) in 2021 from 87,000t in 2020, the Russian nickel miner said at the annual Institute of Scrap Recycling Industries (ISRI) conference yesterday.

Indonesian producers will add 370,000t of NPI supply in 2021, coupled with other smaller increases, lifting total nickel output to 2.7mn t, while greater stainless steel and battery demand will lift consumption only to 2.65mn t.


/static/upload/images/8d66ed545de7ced33441f1e214425a34.jpg


Norilsk estimated that expanding Indonesian NPI production will free up producers of class 1 nickel metal to target non-stainless steel industries for customers. Stainless steel accounts for about 70pc global nickel consumption, according to the Nickel Institute.

The market had been on a streak of deficits between 2017-2019, averaging a 89,000t annual shortfall over those three years, according to the company.

Production of 300-series stainless steel in Indonesia will also rise, the result of more than doubling output from producers Tsingshan and Delong between January and April of 2021 compared to the same period of 2020.


Message

We don't use cookies to personalize content and analyze our traffic. We only contact you through the form and email. Privacy Policy

I Agree