#Nickel supply to drop by 2025 – #Macquarie
PERTH (miningweekly.com) – Global financial services provider Macquarie Group has called for investment into the nickel sector, despite an anticipated oversupply in the near-term and immediate investment in the nickel sector would be required to meet the potential “explosive” demand post 2025.
Lennon pointed out that world nickel use was expected to fall by 7.3% in 2020.
“The market is likely to get back into balance by 2024, and will move to a deficit by 2025,” Lennon told delegates.
He pointed out that in the medium-term, the pace of growth of the stainless steel market, and the pace of uptake of nickel in the lithium battery market would determine nickel demand.