PUBLISHER: SNE Research | PRODUCT CODE: 1581322
PUBLISHER: SNE Research | PRODUCT CODE: 1581322
Nickel is a key resource for electric vehicle batteries and the stainless-steel industry, and global demand is steadily increasing. Recently, with the development of high-pressure acid leaching (HPAL) and nickel matte technology, processing of low-grade ores has become possible, and it is one of the industries where eco-friendly production is accelerating. As a key mineral that is emerging as an essential resource for the global economy and energy transition, Indonesia and China are playing an important role in mining.
Nickel prices exceeded USD 25,000 per ton in 2022 due to increased EV demand and supply chain issues caused by the pandemic, but fell to USD 15,000 per ton in 2024, down USD 10,000, due to the slowdown in the EV market and the sluggishness of the Chinese real estate market. In particular, the rise of LFP batteries and the electric vehicle chasm phenomenon are increasing the risks for companies due to failures in demand forecasting. Such unstable market trends are making it difficult to predict growth.
This report provides an in-depth examination of the latest technologies in the upstream electric vehicle industry, covering the entire process from nickel ore beneficiation and mining to the refining of nickel sulfate, which is used as a key material in batteries. It also includes an analysis of the production status, investment trends, and outlook of key production countries and companies, including Indonesia. From the perspectives of the battery and electric vehicle markets, the report offers insights into global nickel consumption by cathode material manufacturers, battery producers, and EV OEMs. Finally, it presents an analysis of nickel supply and demand forecasts and price outlooks, drawing on data and insights from SNE Research.
This report is systematically structured to ensure that anyone, from upstream industry experts to non-specialists outside the sector, can clearly and easily understand the entire nickel industry. Additionally, it provides essential insights for global companies, investors, and policymakers to develop sustainable growth strategies amid the rapidly changing market environment.
This section provides a quarterly analysis of nickel usage by global battery, electric vehicle (EV), and cathode material manufacturers, along with a forecast for Q4 2024. It predicts nickel demand in the EV industry, offering valuable insights for companies to optimize production plans and proactively manage supply chain risks.
Based on SNE Research's core data and market insights, this section presents a long-term nickel supply and price outlook through 2030. It provides an in-depth analysis of price fluctuations, based on the global supply-demand balance, helping investors and companies make strategic decisions.
This report offers detailed information on the beneficiation and refining technologies for both oxide and sulfide ores. It includes insights into the production processes of 11 major companies, highlighting the latest technological trends and production efficiencies. This section helps clarify how advancements in mining and refining technologies impact the industry.
This section explains the different types of nickel ores, intermediates, and final products, as well as the use of nickel in various industries, including stainless steel and alloys. It is designed to provide a comprehensive view of the latest industry trends and outlook, making it accessible to both non-specialists and industry experts alike.