Declining Demand for EVs Is Weighing on the Nickel Market

Nickel prices are proving a headache for miners across the world: oversupply of the metal plus low electric vehicle (EV) demand has created a profit-stealing two-year price slide.

Tuesday, March 12, 2024

Glencore’s 2023 nickel production down 9% year-on-year

According to Full Year 2023 Production Report released by Glencore, nickel volumes fell 9%, owing to higher third-party production at INO and Murrin Murrin maintenance.

Thursday, February 1, 2024

Nornickel forecasts further nickel output drop this year

Russian metals producer Nornickel on Monday said it expected a further decline in nickel output this year, hit by adverse geopolitical risks and postponed furnace repairs, following on from a drop in production in 2023.

Tuesday, January 30, 2024

BMI lowers outlook for nickel price

Research firm BMI has revised downward its nickel price forecast for this year to $20 000/t from $20 600/t as the market remains in a supply glut.

Friday, January 12, 2024

Vale S. A Provides Production Guidance for the Year 2023, 2024, 2026 and 2030+

Vale S. A provided production guidance for the year 2023, 2024, 2026 and 2030+.

Thursday, December 7, 2023

Nornickel raises forecasts for global nickel surplus in 2023

Russian mining and metals giant Nornickel has raised its global nickel surplus estimate for the current year due to lower than expected consumption in the battery sector, the company said in a market report.

Tuesday, December 5, 2023

Global nickel market sees 23,900 metric ton surplus in September – INSG

The global nickel market had a surplus of 23,900 metric tons in September, up from a surplus of 14,200 tons in the same month of last year, data from the International Nickel Study Group (INSG) showed on Wednesday.

Thursday, November 23, 2023

Glencore cuts 2023 nickel guidance as strikes hit production

Glencore announced on Monday it has reduced its nickel production guidance for this year by 9% to approximately 102,000 metric tons due to maintenance and strikes.

Tuesday, October 31, 2023
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