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Press Release

China Driving the Global Nickel Consumption

Global nickel consumption can be attached on the back of the rising consumption in china, accounting more than half of the global consumption, says RNCOS.

Noida, UP -- (ReleaseWire) -- 12/26/2014 -- The global nickel industry is witnessing a positive growth with rise in production and increased demand for nickel across the world. The global demand for nickel is primarily driven by the rising consumption of stainless steel in emerging economies. Moreover, the metal is used in every sector of industrial development; as a result, the demand for nickel is rising stupendously. According to a new report by RNCOS, "Global Nickel Market Outlook 2016", considering the current and future global trends of growth in demand for transportation facilities, accommodation, food/water and energy indicate an expected increase in future nickels demand.

According to our report, from consumption perspective, China dominates the global nickel consumption. Half of the incremental global nickel demand is due to the surge in consumption of nickel by China. Urbanization in China led to a hike in demand for stainless steel from domestic construction and engineering companies. China is the biggest consumer of nickel, with Indonesia, its most important supplier of ore to make nickel pig iron, a cheaper alternative to refined metal for making stainless steel. Moreover, it is anticipated that global nickel consumption will grow at a CAGR of around 6% during 2014-2016.

The report, by RNCOS which is spread over in 60 pages provides an in-depth research and rational analysis of the Global Nickel Market with forecasts till 2016. The report has been divided into global nickel industry and country level market segment. The global nickel industry section focuses on global nickel reserves, and future forecast of global nickel mine production, refined production and consumption.

Report also covers region-wise analysis of the global nickel mine production, refined production and consumption for the year 2013. The country level market section provides nickel mine production, refined nickel production, and refined nickel consumption in leading countries like US, Canada, Indonesia, China, Philippines, among others.; individually forecasted for a detailed outlook till 2016. Additionally, report also provides the overview and financials of leading players, such as Glencore Xstrata, Norilsk Nickel, BHP Billiton, Vale, and Jinchuan Group. Besides, the report also includes price movement and market drivers, to help the clients analyze the opportunities critical for the success of the nickel industry.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.

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Vartika Sehgal
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Telephone: 91-120-4224-700
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