Nornickel, a Russian mining giant, said Monday it expects the global nickel market to be short of 28000 tons in 2020.
The company said it expected a shortage of 57000 tons in the global nickel market this year.
The company said it expected demand for high-grade nickel to increase in Europe as local stainless steel producers had adjusted the raw material structure.
The company also said it expected demand for nickel in the automotive battery industry to increase as there was expected to be a structural gap between supply and demand in the global nickel market after 2020.
NORILSK also said it was sceptical about the idea that Indonesia's new nickel and iron production would be enough to meet long-term demand.
A grand event for thousands of people in China's non-ferrous metal industry
Shanghai colored net (SMM) annual meeting is the annual event of the metal industry, with an annual participation scale of thousands of people, domestic and foreign metal industry people gathered together to review and summarize the experience and harvest of the year, and lay the groundwork for the production, operation and operation of the coming year.
This year's "2019 China Nonferrous Metals Industry Annual meeting and 2020 (SMM) Metal Price Forecast Conference" was jointly created by SMM and China Renewable Resources Industry Technology Innovation Strategic Alliance and Shanghai Nonferrous Metals Industry Association. At the same time, the first "China Renewable Metals Industry chain Development Summit Forum" was held, and SMM metal price forecasting conference and waste battery recycling exchange were set up for you to enjoy. From the development of non-ferrous metal market to the recycling of renewable resources, from the detailed explanation of policies and systems to the research and development of industrial chain technology.
This is not only a meeting, but also an industry exchange of information, collision thinking sparks of brainstorming!
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