Key Market Indicators
Zambian nickel imports have seen a significant drop in 2023, falling to approximately $56,000 from $67,000 in 2022. This marks a decrease of nearly 17% from the previous year. Over a longer period, since 2000, the demand for nickel in Zambia has decreased by about 8% annually. On the export front, Zambia experienced a sharp decline in nickel exports in 2015, plummeting to around $6,000 from $37,000 in 2014. This represents a staggering 84% drop compared to the previous year. Since 2004, the supply of nickel from Zambia has decreased by roughly 61% each year.
