Global nickel production to decline 7.4% this year (GlobalData)

According to GlobalData, global nickel production will decline in 2020 by 7.4%. In question, the decision of Indonesia to ban this year the exports of raw ore, associated with the restrictions due to the Covid-19 pandemic in the Philippines in particular.
Global nickel production will decline 7.4% this year to 2.19 million tonnes. According to a report by GlobalData published this week, this drop will be the consequence of the ban on the export of raw ore decided at the beginning of the year by Indonesia, the world's largest producer, even though the Covid-19 pandemic has contributed to make the situation worse.

“Indonesian nickel mining companies without an integrated crude smelting system have found it difficult to sell their output to national smelters […]. As a result, domestic miners have either stopped or reduced production in the first three quarters and this is expected to continue until the end of the year, ”says Vinneth Bajaj, senior analyst at GlobalData, who th…

After several months of weakness, global LNG demand should pick up this winter

The onset of the coronavirus pandemic and the subsequent containment measures have seriously affected global demand for LNG. But it will pick up slightly this winter, according to forecasts from the Forum of Gas Exporting Countries (GECF).

After several months of weakness, global LNG demand should pick up this winter
According to the Forum of Gas Exporting Countries (GECF), global LNG demand is expected to increase by four billion cubic meters this winter, driven by strong growth in China, Japan and many countries in South Asia.

An announcement that should satisfy the market, given that for several months, demand has been very low due to the coronavirus pandemic. However, the GECF remains cautious about the risks that remain in the forecasts such as more or less mild winter temperatures in places and the persistence of the pandemic. 

It should be noted that the experts of the Forum also mentioned the supply during the period which is expected to rise by three billion cubic meters, mainly carried by the United States.

With the uncertainties now surrounding the market, GECF added that precise planning for the coming period depends not only on weather conditions and the pandemic, but also on factors such as government policies which can often alter the course of the economy. LNG demand and pricing.