CATEGORY

Nickel

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CATEGORY ALERTS

New US bill to boost EV uptake with subsidized purchases

August 04, 2022
alert level: Medium
CATEGORY ALERTS

Australia's Savannah nickel project goes commercial

July 21, 2022
alert level: Medium
CATEGORY ALERTS

Raglan strike continues as union rejects latest offer

July 25, 2022
alert level: Medium

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Nickel Market Monitoring Dashboard


Price Trend
11.93
Nov-2022
USD/LB
History Forecast
Supply Demand

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Nickel Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Nickel category is 6.70%

Payment Terms

(in days)

The industry average payment terms in Nickel category for the current quarter is 72.7 days

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Sourcing Process

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SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Nickel Suppliers


    19,586
    Total Suppliers
    479
    Diverse Suppliers
    79
    Normalized Supplier Rating
    Nickel Supplier

    Find the right-fit nickel supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    ALCOA CORPORATION
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    4
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    59

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    53
    Social
    57
    Governance
    71
    6 Domains Performance (/100)
    Business behaviour
    59
    Human rights
    56
    Community Environment
    67
    Corporate governance
    77
    Human resources
    53
    Security Scorecard
    85

    Threat indicators
    B
    87
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    66
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    81
    Application Security
    Detecting common website application vulnerbilities
    B
    84
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    84
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    97
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    alcoa.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    1
    Workforce Health Safety Issues
    0
    Product Service Issues
    27
    Human Rights Issues
    0
    Production Supply Chain Issues
    2
    Environmental Non Compliance Flags
    30
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    3
    Fraud Issues
    0
    Labor Health Safety Flags
    29
    Regulatory Issues
    3
    Workforce Disputes
    29
    Sanctions
    0
    esg energy transition
    50
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    Yes

    Nickel market report transcript


    Global Market Outlook on Nickel

    • Nickel mine supply remains subject to a range of disruptions, including reduced production in Brazil and the Philippines, as well as the Indonesian export ban. Despite this, the world’s refined nickel market was expected to record a net surplus for 2020, as the pandemic was expected to have a greater negative impact on consumption than on production. The market was expected to move from a 61,000-ton deficit in 2019 to a 43,000-ton surplus in 2020.

    • Global primary finished nickel consumption was forecast to contract by 15% in 2020, as the COVID-19 pandemic has been adversely impacting the world, with the Chinese construction and automotive sectors facing a huge dent in their revenue pools. The resulting shutdowns due to the pandemic have severely reduced activity in the industrial and construction sectors, resulting in weaker demand for base metals, including nickel.

    • April’s upward trend in nickel prices was likely a false indicator of early recovery, as previous fears of a supply shortage were alleviated by an expected widening market surplus for nickel. However, given its exposure to China’s stainless steel and electric vehicle (EV) production, there is a wide consensus that nickel is one of the best-placed base metals to rebound, as the world, particularly China, starts to recover economically from the COVID-19 pandemic

    • China’s nickel ore imports plunged by 66% year-on-year (y-o-y) in April 2020, as imports from Indonesia and the Philippines fell. China’s nickel ore imports declined by 35% y-o-y in the first four months of 2020. Falling nickel ore port stocks in China signal a tightening nickel ore market, as China accounts for just over half of the world’s nickel demand. Global nickel demand is expected to be impacted more negatively by the COVID-19 than nickel supply.

    • The Indonesian nickel ore ban and a sharp fall in exports from the Philippines are having significant effects on Chinese nickel pig iron output, which declined for the second consecutive quarter in March 2020. In early April 2020, the Philippines’ biggest nickel miners suspended operations, as a result of measures to contain COVID-19. These suspensions resulted in nickel ore output in the March quarter declining by 27% from a year earlier to 28,000 tons. With more than half of its 29 operating nickel mines reporting zero production, port data suggests exports from the Philippines fell drastically in April 2020, with January to April 2020 exports of nickel ore falling by 40% y-o-y. The Philippines has become the main feedstock source for China’s nickel pig iron industry, since the introduction of Indonesia’s export ban.

    • Vale, the world’s largest producer of nickel, lowered its nickel production guidance for 2020, with the company citing heavy rain, unplanned outages, regulatory delays, and ongoing logistics disruptions caused by COVID-19-induced lockdowns. Vale revised its 2020 production guidance for nickel down from 200,000–210,000 tons to 180,000–195,000 tons for the year. Vale nickel production totaled 208,000 tons in 2019.

    Global Nickel Market Trends

    The demand for nickel is coming from the gas & oil industry given the requirement of corrosion-proof products. Oil rigs are susceptible to structural and other deformities due to corrosion which has a significant effect on their business operations. In such extreme pressures and temperatures, nickel alloys offer exemplary performance.

    Electric resistance heating elements need different kinds of nickel alloys given their umpteen heat resilience. Soft magnetic aspects of nickel-iron (Ni-Fe) alloys make them beneficial in electronic devices and communication equipment that require electromagnetic shielding. The rising demand for anode plates, transistor enclosures, plater bars, and other electronic items will propel the demand for nickel and its alloys in the electrical & electronics industry.

    Resistance heating alloys have broad use cases, including heating systems, industrial furnaces, and household appliances. In furnaces, such alloys work at 1700 °C in firing ceramics, while at 1300 °C in metal processing domains. Industrial furnaces are poised to see surging demand for nickel alloys owing to the rising production in different metal processing verticals, such as forging and casting, among others.

    Global Nickel Market: Drivers and Constraints

    Drivers

    Demand from Battery Manufacturing

    • The use of nickel in battery manufacturing is expected to expand over the outlook period, as both the scale of battery manufacturing expands and the nickel intensity of battery technologies rises. Technological advances are facilitating the manufacture of batteries with a higher amount of nickel, which is favored for its efficiency, longevity, and cost-effectiveness

    Consumption of Stainless Steel

    • Chinese net exports of stainless steel for March almost doubled over January and February 2020. Defying market expectations, Chinese domestic inventories have fallen, the stainless steel price has strengthened, and a recovery in April production has led to improved conditions for Chinese stainless steel markets, consequently improving expectations for nickel consumption

    Constraints

    Demand from End-use Industry

    • End-use demand for nickel will be adversely affected by COVID-19 that the LME nickel price will recover at the slowest pace among the base metals. It is forecasted a 15 percent drop in end-user demand for nickel year-on-year in 2020, increasing the likelihood of a significant reduction in investment interest

    Supply Disruption

    • Nickel supply disruption log for 2020 currently estimates unplanned losses this year at 203,000 tons (7.5 percent) of annual production. Most of these are due to restrictions related to COVID- 19. Going forward, it seems that demand rebound hopes, supply disruption threats, a potentially bullish technical chart setup, and risk-on sentiment seem to be outweighing the potential negatives for nickel prices

    Why You Should Buy This Report

    This report on nickel industry outlook covers:

    • Market intelligence to enable efficient decision-making

    • Growth prospects and trends assessment

    • Competitive strategy and nickel demand forecast analysis

    • Regional and segmental nickel forecast for market evaluation

    • COVID-19 impact and how to survive these fast-changing markets