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Global Nickel Market with Focus on EV Batteries: Insights, Trends and Forecast (2019-2023)

Global Nickel Market with Focus on EV Batteries: Insights, Trends and Forecast (2019-2023)

The global nickel production volume is projected to reach 2,507 kilo tonnes in 2023, growing at a CAGR of 2.3%, for the period spanning from 2019 to 2023. The factors such as upsurge in energy storage system (ESS), increasing electric vehicles penetration, rising demand for stainless steel, growing use of nickel in batteries and increasing nickel mine production countries are expected to drive the market growth. However, growth of the industry would be challenged by underinvestment in sulphide ores and deficit expanding. A few notable trends include government support, rising NPI capacity, favorable pricing, nickel-intensive technologies and high nickel demand in Europe.

Nickel is widely used in a number of products for consumer, industrial, military, transport/aerospace, marine and architectural applications. Nickel has been commonly used in coins because of its bright, durable and corrosion resistant coatings applied on steel. The biggest use of nickel is as an alloying metal along with chromium and other metals in the production of stainless and heat-resisting steels to increase the tensile strength, toughness and elastic limit of product.

The fastest growing regional market is China, owing to surge in the production capacities of domestic metal extracting plants and increasing trend of industrialists shifting towards high-end metal refining machines over traditional refining machines.

Scope of the report:

  • The report provides a comprehensive analysis of the global nickel market report with focus on EV batteries.
  • The major regional markets (China, Indonesia and US) have been analysed.
  • The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players i.e. The Norilsk Nickel Group, Vale S.A., BHP Billiton Limited, Jinchuan Group International Resources Co. Ltd, Glencore PLC and Sherritt International Corporation are also presented in detail.
Key Target Audience:
  • Nickel/EV Manufacturers
  • Raw Material/Component Suppliers
  • End Users
  • Consulting Firms
  • Investment Banks
  • Government Bodies & Regulating Authorities


1. Market Overview
1.1 Introduction
1.2 Nickel Deposits and Reserves
1.3 Nickel Production Process
1.4 Nickel Products
Table 1: Primary Nickel Products
1.5 Nickel Primary Products
Table 2: Class I Primary Nickel Products
Table 3: Class II Primary Nickel Products
1.6 Applications of Nickel
2. Global Nickel Market Analysis
2.1 Global Nickel Mine Production Volume
Table 4: Global Nickel Mine Production Volume (2014-2018)
2.2 Global Nickel Mine Production Volume Forecast
Table 5: Global Nickel Mine Production Volume Forecast (2019-2023)
2.3 Global Nickel Mine Production Volume by Region
Table 6: Global Nickel Mine Production Volume by Region (2018)
2.4 Global Nickel Production Volume
Table 7: Global Nickel Production Volume (2014-2018)
2.5 Global Nickel Production Volume Forecast
Table 8: Global Nickel Production Volume Forecast (2019-2023)
2.6 Global Nickel Production Volume by Region
Table 9: Global Nickel Production Volume by Region (2018)
2.7 Global Nickel Market by Product Class
Table 10: Global Nickel Market by Product Class (2018)
2.8 Global Nickel Resources by Deposits
Table 11: Global Nickel Resources by Deposits (2018)
2.9 Global Nickel Reserves by Region
Table 12: Global Nickel Reserves by Region (2018)
2.10 Global Nickel Consumption Volume
Table 13: Global Nickel Consumption Volume (2014-2018)
2.11 Global Nickel Consumption Volume Forecast
Table 14: Global Nickel Consumption Volume Forecast (2019-2023)
2.12 Global Nickel Consumption Volume by Application
Table 15: Global Nickel Consumption Volume by Application (2018)
2.12.1 Global Nickel Stainless Steel Consumption Volume Forecast
Table 16: Global Nickel Stainless Steel Consumption Volume Forecast (2018-2023)
2.12.2 Global Stainless Steel Consumption Volume by End Use
Table 17: Global Stainless Steel Consumption by End Use (2018)
2.12.3 Global Stainless Steel Production Volume
Table 18: Global Stainless Steel Production Volume (2014-2018)
2.12.4 Global Stainless Steel Production Volume Forecast
Table 19: Global Stainless Steel Production Volume Forecast (2019-2023)
2.12.5 Global Stainless Steel Production Volume by Region
Table 20: Global Stainless Steel Production Volume by Region (2018)
2.12.6 Global Nickel Non-Stainless Consumption Volume Forecast
Table 21: Global Nickel Non-Stainless Consumption Volume Forecast (2018-2023)
2.13 Global Nickel Consumption Volume by End Market
Table 22: Global Nickel Consumption Volume by End Market (2018)
3. Regional Nickel Market Analysis
3.1 China
3.1.1 China Nickel Production Volume
Table 23: China Nickel Production Volume (2014-2018)
3.1.2 China Nickel Production Volume Forecast
Table 24: China Nickel Production Volume Forecast (2019-2023)
3.1.3 China Nickel Consumption Volume
Table 25: China Nickel Consumption Volume (2014-2018)
3.1.4 China Nickel Consumption Volume Forecast
Table 26: China Nickel Consumption Volume Forecast (2019-2023)
3.1.5 China Stainless Steel Production Volume
Table 27: China Stainless Steel Production Volume (2014-2018)
3.1.6 China Stainless Steel Production Volume Forecast
Table 28: China Stainless Steel Production Volume Forecast (2019-2023)
3.1.7 China NPI Production Volume
Table 29: China NPI Production Volume (2014-2018)
3.1.8 China NPI Production Volume Forecast
Table 30: China NPI Production Volume Forecast (2019-2023)
3.1.9 China Nickel Ore Imports Volume
Table 31: China Nickel Ore Imports Volume (2014-2018)
3.1.10 China Nickel Import by Products
Table 32: China Nickel Import by Products (2014-2018)
3.2 Indonesia
3.2.1 Indonesia NPI Production Volume
Table 33: Indonesia NPI Production Volume (2014-2018)
3.2.2 Indonesia NPI Production Volume Forecast
Table 34: Indonesia NPI Production Volume Forecast (2019-2023)
3.2.3 Indonesia Stainless Steel Production Volume Forecast
Table 35: Indonesia Stainless Steel Production Volume Forecast (2018-2023)
3.3 The U.S.
3.3.1 The U.S. Nickel Consumption Volume
Table 36: The U.S. Nickel Consumption Volume (2014-2018)
3.3.2 The U.S. Nickel Imports Volume
Table 37: The U.S. Nickel Imports Volume (2014-2018)
3.3.3 The U.S. Nickel Imports Volume by Region
Table 38: The U.S. Nickel Imports Volume by Region (2018)
3.3.4 The U.S. Stainless Steel Production Volume
Table 39: The U.S. Stainless Steel Production Volume (2014-2018)
3.3.5 The U.S. Stainless Steel Production Volume Forecast
Table 40: The U.S. Stainless Steel Production Volume Forecast (2019-2023)
4. Electric Vehicles Batteries Market Analysis
4.1 New Electric Vehicles (NEV) Sales Volume by Type
Table 41: New Electric Vehicles (NEV) Sales Volume by Type (2018-2023)
4.2 Nickel Battery Cathode Demand Volume Forecast in NEVs
Table 42: Nickel Battery Cathode Demand Volume Forecast in NEVs (2018-2023)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Upsurge in Energy Storage System (ESS)
Table 43: Global New Clean Energy Capacity Forecast (2018-2023)
5.1.2 Increasing Electric Vehicles Penetration
Table 44: Global Electric Vehicle Sales (2018-2023)
5.1.3 Rising Demand for Stainless Steel
Table 45: Global Nickel Stainless Steel Demand Share (2014-2018)
5.1.4 Growing Use of Nickel in Batteries
Table 46: Global Nickel Battery Demand (2018-2023)
5.1.5 Increasing Nickel Mine Production Countries
Table 47: Nickel Mine Production Countries (2005-2018)
5.2 Key Trends and Developments
5.2.1 Government Support
Table 48: List of OEMs Electric Car Ambitions (2017-2025)
5.2.2 Rising NPI Capacity
Table 49: NPI Capacity in Indonesia and China (2017-2019)
5.2.3 Favorable Pricing
Table 50: Nickel Price Trend (2014-2018)
5.2.4 Nickel-Intensive Technologies
5.2.5 High Nickel Demand in Europe
Table 51: Nickel per Capita Usage by Region (2018)
5.3 Challenges
5.3.1 Underinvestment in Sulphide Ores
Table 52: Sulphide Ores Capital Expenditure (2014-2018)
5.3.2 Increasing Deficit
6. Competitive Landscape
6.1 Global Nickel Market
6.1.1 Key Players – Revenue and Market Cap Comparison
Table 53: Key Players – Revenue and Market Cap Comparison (2018)
6.1.2 Key Players – Nickel Production Comparison
Table 54: Key Players – Nickel Production Comparison (2018)
7. Company Profiles
7.1 The Norilsk Nickel Group
7.1.1 Business Overview
7.1.2 Financial Overview
Table 55: Norilsk Nickel Revenues and Net Profit (2014-2018)
Table 56: Norilsk Nickel Revenues by Segment (2018)
7.1.3 Business Strategies
7.2 Vale S.A.
7.2.1 Business Overview
Table 57: Vale Net Revenues and Net Income (Loss) (2014-2018)
Table 58: Vale Net Revenues by Segments (2018)
Table 59: Vale Net Revenues by Region (2018)
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 BHP Billiton Limited
7.3.1 Business Overview
Table 60: BHP Segment Description
Table 61: BHP Revenues and Profit (2014-2018)
Table 62: BHP Revenues by Segment (2018)
Table 63: BHP Revenues by Region (2018)
7.3.2 Financial Overview
7.3.3 Business Strategies
7.4 Jinchuan Group International Resources Co. Ltd
7.4.1 Business Overview
7.4.2 Financial Overview
Table 64: Jinchuan Group Revenues and Profit (Loss) (2014-2018)
Table 65: Jinchuan Group Revenues by Segment (2018)
7.4.3 Business Strategies
7.5 Glencore PLC
7.5.1 Business Overview
Table 66: Glencore Segment Areas
7.5.2 Financial Overview
Table 67: Glencore Revenues and Income (Loss) (2014-2018)
Table 68: Glencore Revenues by Segment (2018)
Table 69: Glencore Revenues by Region (2018)
7.5.3 Business Strategies
7.6 Sherritt International Corporation
7.6.1 Business Overview
7.6.2 Financial Overview
Table 70: Sherritt International Revenues and Net Earnings (Loss) (2014-2018)
Table 71: Sherritt International Revenues by Segment (2018)

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