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As a critical component in the battery technology used for electric vehicles, nickel’s strong demand and supply growth have created a volatile commodity market. Uncertainties about the near-term supply-demand balance for the metal have been the primary driver of this volatility, but the long-term outlook for this battery material is strong.
As well as its use in batteries for electric vehicles, about 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.
To help you navigate this complex market, we aim to bring you reliable, and timely intelligence and analysis on nickel, including both nickel sulfate and mixed hydroxide precipitate (MHP).
Regional and product price divergence has been a consistent trend across nickel markets globally, creating the need for more granular price reporting. Fastmarkets has recently launched a free-on-board Indonesia price for nickel pig iron (NPI) and MHP to further expand our existing suite of nickel prices.
Subscribing to our nickel price data and insights will give you access to:
Inquire about our nickel prices today
Read the full product brochure to see how Fastmarkets can help you tackle nickel market transparency and price volatility
With the nickel market in flux as new supply comes online, market participants and investors need clarity and insights into what’s ahead. Get the latest nickel news and analysis from our expert price reporters.
Quarterly figures released by global miner Glencore on Wednesday October 30 showed that zinc concentrate output was dropping in a tight market while overall nickel output was down despite an increase in briquettes.
Nickel premiums remained stable worldwide, with the London Metal Exchange’s three-month nickel price hitting its lowest point since mid-September.
Nickel pig iron (NPI) prices in China continued to climb in the week to Friday October 18, on an increase in tradbg amid positive sentiment, sources told Fastmarkets.
Read Fastmarkets’ monthly battery raw materials market update for October 2024, focusing on raw materials including lithium, cobalt, nickel, graphite and more
Market participants shared insight into the market dynamics for copper, nickel, zinc, lead and tin during LME Week, which ran September 30-October 4
Read the full transcript from episode 6 of Fast Forward podcast on trading power and the role of the London Metal Exchange (LME) in the energy transition with CEO Matthew Chamberlain.
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We recognize the importance of being clear about our price assessment and index process. Our independently audited pricing process aligns with core IOSCO principles. Find out how our price reporters and analysts assess and forecast prices in agriculture, forest products and metals
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