https://newsletter.en.creamermedia.com
Mining|Stainless Steel|Steel
Mining|Stainless Steel|Steel
mining|stainless-steel|steel

Nickel market forecast to be in 209 000 t surplus in 2025, says INSG

Nickel smelting

Photo by Bloomberg

7th October 2025

By: Reuters

  

Font size: - +

The International Nickel Study Group (INSG) on Tuesday forecast a nickel market surplus of 209 000 metric tons for 2025, increasing to 261 000 tons in 2026.

Global demand for nickel is expected to increase to 3.82-million tons in 2026 versus 3.60-million in 2025, the INSG said.

At the same time, global output of nickel is expected to rise from 3.81-million tons in 2025 to 4.09-million in 2026, the Lisbon-based group said.

Indonesia, the world’s leading nickel producer, has stepped up efforts to control its mining sector, including delaying the issuance of mining permits (RKABs), seizing lands that lack forestry permits, and sanctioning companies over missing reclamation and post-mining guarantees, the report said.

However, the impact on nickel feed has been limited, and output is expected to continue rising in 2025 and 2026.

Prices for nickel, used in stainless steel and electric vehicle batteries, fell by more than 7% in 2024 and are up about 0.9% so far this year.

The INSG forecasts continued growth in the stainless steel sector through 2025 and 2026.

Edited by Reuters

Article Enquiry

Feedback

Email Article

Save Article

To advertise email advertising@creamermedia.co.za or click here

Comments

Latest Multimedia

Showroom

ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 
Graduate School Of Technology Management (GSTM)
Graduate School Of Technology Management (GSTM)

Advancing leadership in technology, innovation, and project management excellence

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.213 0.301s - 184pq - 2rq
Subscribe Now