Global market balance of nickel 2020-2024

Published by
Madhumitha Jaganmohan,
Apr 19, 2024
The global market balance of nickel in 2023 had a surplus of more than 250,000 metric tons. It is estimated that the market balance of nickel in 2024 will be a surplus of more than 190,000 metric tons.

Nickel is most commonly used for making steels, nonferrous alloys, and electroplating. It is also common in both industrial and commercial products.

Market balance of nickel worldwide from 2020 to 2023, with a forecast for 2024 (in 1,000 metric tons)

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Release date

February 2024

Region

Worldwide

Survey time period

2020 to 2023

Supplementary notes

*Listed by the source as more than 250,000 metric tons.
**Estimated as of February 2024, and listed by the sources as more than 190,000 metric tons.

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