Global Nickel Industry Poised for High Growth
The global nickel market has witnessed a strong growth in production as well as consumption patterns, in the recent years. Although consumption levels increased across the world, China exhibited one of the largest growth rates. Various industries that have high application of refined nickel, for instance, developed automotive and aerospace industries are raising the demand for the metal. It is anticipated that the global refined nickel consumption will grow at a CAGR of around 6% during 2014-2016.
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