The 2024 SMM 9th Asia-Pacific Nickel-Chromium-Manganese Stainless Steel Conference took place.
Shanghai Nonferrous Metals Information Technology Co., Ltd. (SMM) hosted it, with Qingtuo Group co-organizing.
Shanghai Zhengning International Trade and others sponsored the conference.
Ricardo Ferreira, INSG’s Market Research Statistics Director, gave a speech.
His speech was titled “Global Nickel Market Outlook.”
He said the global primary nickel market may stay in surplus in 2024-2025.
Indonesia and China will lead the market as main drivers.
Producers in the rest of the world have been reducing output.
The battery sector is rapidly gaining market share for nickel.
ESG initiatives and national policies like subsidies could impact the market.
Several countries have listed nickel as a key or strategic raw material.