With  fast-paced urbanization and  increasing use of nickel in industrial sector, nickel consumption in china increases rapidly.

RNCOS has recently released a new research report -  “Global Nickel Market Analysis” which says  that  nickel consumption in China will account for 31% of the globle consumption by 2011 .

It’s reported that China is the biggest nickel consumer and produces a significant volume of  nickel metal at the same time. In fact, half of the increased global demand for nickel goes to China. Moreover, nickel is used in the development of  every industry sector, so the demand for nickel increases dramatically. At present, the rapidly developing Chinese steel industry , which consumes 40% of the total nickel available in China, is stimulating the demand for  nickel.

Especially the demand for nickel based stainless steel(austenitic stainless steel) increases rapidly in fast developing China. There are there grades of austenitic stainless steel  widely used in China-200 series, 300 series and  400 series. Nickel-chromite based stainless steel 300 series is  widely used in  construction and manufacturing sectors.

 The PNCOS report further says that  the rapid urbanization in China is expected to  prop up  the demand for stainless steel, which, in turn, will increase the  nickel consumption in the country.
Further, from 2001 to 2006, the nickel consumption in China has increased by 170% to 230,000 dons. China is the biggest nickel consumption country in 2005, followed by America and Japan.

 “Global Nickel Market Analysis” is a comprehensive research report closely tracking the nickel industry. It highlights and analyzes macroeconomic factors such as nickel production and consumption by product, price movement, import levels, and supply and demand situation. This report will help the clients to identify leading-edge opportunities critical to the success of the nickel industry at global level and in selected countries.
This research report also gives forecast on consumption of refined nickel, production of refined nickel and mine production in various countries, thus helping the potential investors to identify the most profitable venture.