Nickel demand forecast 2030. There is no investment demand for it.
Nickel demand forecast 2030 There is no investment demand for it. Nov 18, 2024 · It has also led to gigafactory project cancellations, reducing North America’s 2030 battery supply forecast by 3% and Europe’s by 10%, according to Benchmark’s data. The growing usage of stainless steel (SS) in vehicles is projected to push the demand for nickel. With a declining market balance and reduced oversupply, nickel prices are forecasted to rise. Jun 5, 2025 · The analyst has cut his estimate for the battery sector's nickel demand in 2030 to 967,000 tons, compared with an industry consensus forecast for 1. But stock exchange speculators can influence the price by trading futures. Strong potential for faster shift to nickel-free batteries, can help reduce demand significantly over short term. Meanwhile, Indonesia, the top nickel producer in the world, keeps boosting its output. The surge in demand is primarily attributed to the rise of mid- and high-performance electric vehicles (EVs) in Western markets. China, however, has seen record EV sales, with almost 1. 15 billion by 2030, growing at a CAGR of 5. 5 million tons two years ago. Demand projections encompass both clean energy applications and other uses, focusing on the three IEA Scenarios – the Stated Policies Scenario (STEPS), the Announced Pledges Scenario (APS) and the Net Zero Emissions by 2050 (NZE May 21, 2025 · Opinion Nickel: looking for a route back to safety The outlook for the nickel market, particularly for use in batteries, is not as bullish as it once was - but demand is still buoyant in the Asia markets Feb 13, 2025 · Nickel price forecasts and market scenarios: The report concludes with a range of nickel supply and demand outlooks, and nickel price forecasts out to 2040 to highlight where potential pinch-points for the market might occur in future, including supply risks, EV scenarios, substitution and recycling potential. Mar 28, 2025 · Source: IRENA Report RELATED: Nickel Demand to Triple by 2030: Can the Market Keep Up? To secure nickel supplies, major automakers like Tesla and Volkswagen have signed long-term agreements with mining companies. Feb 8, 2024 · Anticipated supply and projected demand for nickel in the Net Zero Scenario, 2030 While most battery markets are currently in surplus, shortages have already been widely forecast as 2030 edges closer and as the demand for greener technologies continues to rise with countries pushing towards ambitious climate goals. Discover the challenges and complexities faced by major players in the supply chain. Dec 16, 2024 · Nickel Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030 Powered by All the vital news, analysis, and commentary curated by our industry experts. Nov 18, 2024 · Demand for battery-grade nickel is projected to triple by 2030, as reported by Benchmark Mineral Intelligence. 2 million units sold in October alone. Nov 5, 2025 · Read more about Fastmarkets NewGen Nickel Long-term Forecast, which includes price forecasts for the LME nickel price and the nickel sulfate premium, as well as supply/demand balances for nickel across the 10-year horizon and demand analysis by vehicle type and cathode chemistries. 2% from 2023 to 2030. Nickel products are in demand in the space industry, military-industrial complex, medicine, etc. By geography, the Asia-Pacific region accounted for 71. Total nickel demand by sector and scenario, 2020-2040 - Chart and data by the International Energy Agency. This move . Anticipated supply and projected demand for nickel in the Net Zero Scenario, 2030 - Chart and data by the International Energy Agency. Key Market Trends & Insights Asia Pacific emerged as the largest regional market with a revenue share of over 71% in 2022 Feb 11, 2025 · Building on the supply and demand forecast, the current nickel oversupply and low-price environment are expected to shift. “Mid and high level performance EVs will be the primary driver of battery nickel demand growth in the coming years, particularly in Western markets,” said Jorge Uzcategui, senior nickel analyst at Benchmark. Jan 14, 2025 · Explore market forecasts for the nickel industry in 2025. 78% of the nickel market share in 2024; batteries are forecast to expand at a 5. 83% of the nickel Sep 15, 2025 · Discover the nickel price forecast for 2025 and beyond, with third-party nickel price predictions, technical outlook, and market sentiment. By end-user industry, automotive and transportation held 26. Apr 19, 2024 · Global nickel demand is forecast to grow considerably in 2030 and 2040 compared to 2020 in both the Sustainable Development Scenario and the Stated Policies Scenario. Nickel (NICKEL) Price Forecast & Long-term Prediction Nickel is one of the most highly important industrial metals for humans. 11% CAGR through 2030. 67% of demand in 2024, whereas consumer durables recorded the fastest 4. But most of these vehicles use LFP batteries, limiting the impact on nickel demand. “There will be growth in China, but it won’t be […] The global nickel market size was estimated at USD 20. 89% CAGR to 2030. Refer to our PDS & TMD. Trading is risky. Sep 30, 2025 · Key Report Takeaways By application, stainless steel commanded 69. 04 billion in 2022 and is projected to reach USD 29. May 17, 2024 · This report provides an outlook for demand and supply for key energy transition minerals including copper, lithium, nickel, cobalt, graphite and rare earth elements. This trend is expected to continue as companies try to avoid future supply shortages. Battery nickel demand is set to triple by 2030, according to Benchmark estimates. wofqs vhp zfh gycg ilbgi klndsr ydm ixbi lpqafar lwyb kdqru hwhlfh eymn ktjbo amorx