Nickel In Consumer Stocks In The United States By Form, December 31

This table presents detailed information on the quantities of nickel held in consumer stocks within the United States, categorized by various forms as of December 31. Tracking these stocks is crucial for understanding the availability and flow of nickel, a key industrial metal used extensively in stainless steel production, batteries, and other alloy applications. Monitoring stock levels helps industries and policymakers assess supply chain stability, anticipate market trends, and make informed decisions regarding resource management and economic planning.

The data reveals a modest increase in total nickel stocks from 6,600 metric tons in 2022 to 6,670 metric tons in 2023 for primary forms, with metal stocks rising slightly from 5,820 to 5,880 metric tons. Notably, secondary nickel scrap stocks experienced a significant increase, climbing from 16,600 metric tons in 2022 to 19,100 metric tons in 2023, contributing to a revised grand total of 25,800 metric tons, up from 23,200 metric tons the previous year. This trend suggests a growing reliance on recycled nickel, reflecting both economic incentives and sustainability efforts within the industry. Some data categories, such as ferronickel and oxide forms, are withheld to protect proprietary information but are included within the "Other" category, which also saw a slight rise from 783 to 789 metric tons. Overall, the increase in consumer stocks indicates a strengthening inventory position that could buffer against supply disruptions.