It is reported that RNCOS has recently added a new Market Research Report titled, "Global Nickel Market Analysis" to its report gallery. The report has been made analyzing the macroeconomic factors, such as nickel production and consumption by product, price movements, import levels and supply and demand analysis.

According to the report, global nickel consumption is constantly increasing as it is used in more industrialized products. Stainless steel remains the dominant nickel consuming sector, followed by alloys. Strong demand from stainless steel producers, laterite projects and China will drive the buoyant global nickel market.

Developing countries such as China and India will play a major role in the growth of global nickel industry. But the developed countries such as the US, the UK, and Germany will also witness strong demand as these countries have large automotive and aerospace industries.

Key Findings
1. Nickel consumption is dominated by stainless steel, which accounts for 64% of the global consumption of primary nickel. This trend is likely to continue with robust stainless steel demand in near future.
2. Global supply-demand balance of nickel is expected to ease up with new nickel capacities coming up in 2008.
3. China’s demand for nickel will slowdown due to overcapacity in domestic steel industry but the country will remain a major driving force for global nickel industry.
4. There are immense opportunities in the global nickel industry, especially in aerospace and nickel based batteries sector.

This report will help the client to analyze the leading edge opportunities critical to the success of the nickel industry at global level as well as in selected countries. The forecast given in this report is based on a correlation between past market growth and growth of drivers, such as stainless steel demand, industrial production performance etc.

To know more about this report, please send a mail at reports@steelguru.com