Page 688 - ANC20-Proceedings-Presentations-Full

Outlook: Trends for nickel demand

Battery sector to eat significantly into stainless steel’sshareof the market

• Stainless steel market to lose overall share of nickel demand to rapidly growing batteries sector

• Growing Class II feed could reduce the use of Class I in stainless, freeing this up for conversion to nickel
sulphate

• Nickel sulphate use will see largest increase in share over the outlook

Primary nickel demand by first-use: 2020 vs 2030 Primary nickel consumption by type, 2019 & 2029

100%
Plating Other Batteries, Other alloy Plating Other
Other alloy 7% 2% primary steels and 5% 1%
steels and 6% castings 80%
castings 5%
8%
Non-ferrous Batteries, 60%
alloys primary
Non-ferrous 28%
alloys 5%
40%
8%

Stainless, Stainless, 20%
primary primary
69% 56%
0%
2019 2029
2020 2030
Nickel sulphate and othersalts Class I Class II (stainless)