India Nickel Industry Analysis, North America Nickel Industry - Ken Research
In the present times
of globalization, it is important for the nickel industry players to understand
the global market and devise their business strategies accordingly. It is in
this respect that the industry players would find the report on the nickel
industry valuable. The report is a storehouse of data on import/export, supply
and consumption, revenue and gross margin by regions (the United States, EU,
China and Japan). The same data can be added for other regions.
Research report
titled “Global
Nickel Powder Industry Situation and Prospects Research report 2017”
says Nickel is an integral part of the material used for the manufacture of
cooking utensils, mobile phones and batteries, medical equipment, transport,
buildings, and power generation etc. Nickel has advantage over other metals
because of its properties of corrosion resistance, better toughness, and better
strength at high and low temperatures, and a range of special magnetic and
electronic properties.
Primarily, nickel is
used as refined metal in the form of cathode, powder, briquet, or
ferronickel. Most of nickel is consumed
in the western world to make stainless steel.
Other uses of nickel are superalloys or nonferrous alloys. Due to their
resistance to corrosion, both types of alloys are widely used in the stainless
steel industry.
The aerospace
industry is also a leading consumer of nickel-based superalloys. In fact,
nickel is very important in jet construction as some critical parts of the jet
engine like turbine blades, and discs are fabricated from nickel
superalloys.
Nickel-based super
alloys are also used in land-based combustion turbines found at electric power
generation stations, rechargeable batteries, catalysts and other chemicals,
coinage, foundry products, and plating.
The Challenge of Weak Demand for Nickel
Ken Research says,
currently the nickel industry is facing a slowdown in the global arena. The
oversupply and weak demand have led to decline in nickel prices, which have
hovered down to a 13-yearlow. The price decline has made nickel companies to
cut production. Various industry players will bear losses because the
production cuts have been slower than expected in view of the weaker demand
from the stainless-steel sector.
The situation has
worsened due to significant slowdown of stainless steel demand in China. The
Chinese producers have responded to the market by decreasing their nickel pig
iron production but the rest of the world has increased nickel production thus
offsetting decline in the Chinese pig iron nickel output. There is combination
of factors that will delay the recovery of the global nickel industry, such as
high nickel stockpiles in China, larger than expected supply form the
Philippines and consistent weakness in the stainless-steel market.
Many industry
players are incurring losses due to the decline in the prices of nickel
products. The impairment in company assets will continue if the prices for the
nickel keep declining.
Hope in the Asia-Pacific region
Amid the declining
nickel demand elsewhere, the Asia-Pacific region is generating a good demand
for the metal. Developing countries such as India and Brazil present a great
opportunity for the nickel industry. The countries which are modernizing their
infrastructure will boost the nickel market as nickel is used is many things
required for infrastructure upgradation.
Major Players in the Industry
Leading players of
the global nickel industry are: Vale, MMC Norilsk Nickel, BHP Billiton Ltd,
Xstrata Plc, Pacific Metals, Anglo American, Sherritt, Jinchuan Group, Jilin
Jien Nickel, Sumitomo Metal Mining, Nizi International.
Conclusion: The global nickel
industry is undergoing recovery and would take time to balance its production
with the declining demand. Industrializing developing countries are likely to
drive the global nickel market. In future, the increasing demand of nickel,
production cuts and usage of nickel stockpiles will balance the supply and
demand in the industry leading to better prices for nickel producers.
Key topics covered in report
Global Nickel
Consumption Analysis
North America Nickel
Industry
Europe Nickel
Industry Research
Japan Nickel
Industry Research
India Nickel Industry
Analysis
Global Nickel
Industry Future Outlook
Global Nickel
Industry Regulations
Nickel-Based Super
Alloys Market
Global Nickel Powder
Industry Research Report
For more coverage click on the link below:
Related reports
https://www.kenresearch.com/energy-and-utilities/power/nickel-zinc-battery-prospects/87100-103.html
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