Nickel market to evolve as EVs, role-players and projects change

MINING WEEKLY | The international refined nickel production and trade market will evolve in the coming decade as China's large nickel deficit, driven by the electric vehicle (EV) success story, and Russia's slowly falling nickel surplus, driven by a thin project pipeline, open opportunities for other producers, says financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch).


The company further notes that Indonesia will be one of the outperformers over the coming years, as it is well positioned to service Chinese demand owing to its close geographical location and rising domestic refined nickel production capacity.


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