SHANGHAI, Jun 1 (SMM) – It is predicted that the global refined nickel capacity and production will show positive growth. It is estimated that by 2027, the global refined nickel production will reach 1.01 million million mt in metal content, and the production growth will mainly come from China's new electrodeposition nickel projects.
According to SMM analysis, due to the impact of the Covid pandemic, the output of some overseas companies declined in 2020-2021.
The growth of refined nickel production from 2022 to 2027 will be mainly contributed by China and Indonesia, and the new capacity will basically be electrodeposition nickel. Because China is the main consumer of refined nickel and has a high degree of dependence on imports, China will beef up domestic production to reduce its dependence on imports, making China a major contributor to refined nickel production growth.
For full coverage, please click: Key Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment
