RE:RE:RE:RE:RE:meaningless
Nickel demand Usage of nickel has increased over time and is correlated with economic development. In the past decade world nickel demand increased from 1.104 million tonnes in 2001 to 1.572 million tonnes in 2011, an annual average growth rate of 4.2%. However, the upward trend has had peaks and valleys. The latest year 2011 saw the greatest demand for nickel but, in 2007 demand declined to 1.323 million tonnes as the global economic crisis unfolded and in 2008 demand dropped again to 1.286 million tonnes. A further decline was encountered in 2009 to 1.241 million tonnes. Demand rapidly increased in 2010 to 1.464 million tonnes, and continued improving to a record level of 1.572 million tonnes in 2011. Asia is now by far the largest regional market for nickel representing 65% of total world demand. China alone now accounts for close to 44% of world nickel demand compared with 8% ten years earlier.