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NICKEL |
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Characteristics Of Nickel |
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Nickel finds its usage in various industries such as engineering,
electrical and electronics, infrastructure, automobile and automobile
components, packaging, Batteries etc. Among base metals Nickel is the most volatile owing to its strong
demand and tight supply. Nickel demand is derived demand based on the growth of different
industrial sector thus exhibits high volatility. About 65 per cent of nickel is used in manufacture of stainless
steels, and 20 per cent in other steel and non-ferrous including
"super" alloys, often for highly specialized industrial, aerospace
and military applications. |
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Characteristics of World Nickel Market |
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Nickel world market is characterized by rising demand and
constrained supply. More than 54% if world total supply comes from only five companies. Global nickel consumption is growing by an average 3.1 per cent a
year. |
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Supply and Demand |
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Major producers of Nickel are World primary nickel consumption is about 1 million tons.
Consumption centers are Rapid expansion of global stainless steel production is fuelling
demand for primary nickel. |
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Important World Nickel Markets |
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Indian Nickel Market |
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Nickel market in Import duty on Nickel is 15%. With growth in the stainless steel sector Nickel import demand is
expected to increase in the coming years. |
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Factors Influencing Nickel Markets |
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Above ground supply from scrap . New mines discovery . Nickel demand is derived demand thus the situation in the various
industries. Growth in consumption of Stainless steel. |
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Disclosures/Disclaimers:The Calls/materials
contained/made herein are for information purpose and are not recommendation
to any person to buy or sell any commodities/securities. The information is
derived from sources, that are deemed to be reliable but its accuracy and
completeness are not guaranteed. The author does not accept any liability for
the use of this column. Readers of this column who buy or sell securities
based on the information in this column are solely responsible for their
action. We may or may not have any position in given stock. If any other
entity, individual or service provider also giving the same script and
recommendation than we are not responsible for that. By continuing to read or
referring to material contained, you have read and agreed to the disclosure
& disclaimers mentioned & published. |