Nickel is a chemical element and a transition metal, mostly used for high-grade steel manufacturing. The nickel market by application is segmented into stainless steel, alloys, plating, casting, batteries, and other applications. Owing to its corrosion resistance, durability, and abundance in availability, stainless steel is used in various sectors, including food and beverage, construction, aerospace, transport, medical, chemical, etc. Nickel plays a crucial role in the manufacture of stainless steel. It is one of the major commercial grades of alloys used in stainless steel production. Nickel alloying holds for almost two-third of the stainless-steel production process across the world.
Asia-Pacific holds the major share in the consumption of nickel. This is primarily due to the presence of large stainless-steel manufacturing companies and battery manufacturers. The major nickel ore concentrations in the Philippines, New Caledonia, Australia, Indonesia, and China are instrumental to making the region the largest producer of nickel.The increasing consumption level of nickel in Electric Vehicles (EVs) is also expected to boost the use of nickel, as it accounts for a considerable share of nickel demand.
We are moving Nickel Briquettes from Australia to India and Malaysia.