Nickel Prices, News, Demand, Chart, Graph and Forecast | IMARC Group

 

Nickel Price in USA

• United States: 21890 USD/MT

In the second half of 2023, the average price for nickel in the USA was 21890 USD/MT.

The latest report by IMARC Group, titled "Nickel Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of nickel prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Nickel Prices December 2023:

• United States: 21890 USD/MT
• China: 20427 USD/MT

Report Offering:

• Monthly Updates: Annual Subscription
• Quarterly Updates: Annual Subscription
• Biannually Updates: Annual Subscription

The study delves into the factors affecting nickel price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/nickel-pricing-report/requestsample

Nickel Price Trend- Q4 2023

One of the primary drivers of the Nickel Industry is the rising demand from the stainless steel industry. Another critical driver is the increasing number of electric vehicles (EVs) across the globe. There is a rise in the demand for high-purity nickel, specifically class 1 nickel, as it is a key component in lithium-ion batteries. Apart from this, various technological advancements in nickel processing are bolstering the market growth. Furthermore, governing agencies of several countries are promoting green energy and electric mobility, which is catalyzing the demand for nickel. In addition, nickel-based superalloys are used in high-performance applications requiring superior mechanical strength and resistance to thermal creep deformation. They are vital for aircraft engines, gas turbines, and other aerospace applications on account of their ability to withstand extreme temperatures and stress. They are also used in manufacturing equipment that requires durability and resistance to corrosion, such as chemical and petrochemical processing machinery. Besides this, nickel plating provides a protective and decorative coating on various metal and plastic substrates.   

Nickel Industry Analysis

During the second half of 2023, the Asia Pacific region experienced only limited growth in nickel prices. The mining sector in the region reported several incidents in the same period. Miners anticipated a rise in global demand for nickel and its alloys by year-end. However, fluctuating trade momentum meant that both overseas and domestic demand from downstream industries remained weak. Several mining operations across Asian countries were shut down to balance the gap between supply and demand. These closures further intensified downward pressure on nickel prices. China, a major player in the Nickel Industry, observed similar trends. The combination of weak demand and higher production costs kept nickel prices suppressed throughout this period. During the second half of 2023, European countries experienced a downturn in nickel prices. This drop was influenced by reduced consumer interest in nickel and its derivatives, largely due to declining momentum in the industrial sector, particularly the automotive industry. In North America, the nickel price trend remained on the lower end during the second half of 2023. Efforts by the government to combat rising inflation had an antagonistic effect on nickel prices. Furthermore, a decrease in operational costs supported the downward trend in nickel prices.

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

About Us:

IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, provides high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145