Nickel Industry Annual Report 2023
2024-03-05 17:30:02 【Print】
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1. Definition, classification, distribution and application 6
1.1 Definition 6
1.2 Classification 6
1.3 Distribution 6
1.4 Application 6
2. Economy and Policy 6
2.1 Chinese Market 6
2.1.1 Gansu conducts rectification of mines to enhance safety 7
2.1.2 China to scale up medium and long-term lending toward manufacturing sector 7
2.1.3 Shanxi delegates transfer and registration of exploration rights for mineral species 7
2.1.4 INSG forecasts a third consecutive year of nickel surplus 7
2.1.5 China launches third round of central environmental inspections 7
2.2 International Market 7
2.2.1 Indonesia formulates detailed plans to limit development of nickel smelters 7
2.2.2 LME to improve trading liquidity by restarting nickel market Asian Hours 7
2.2.3 USGS: Global nickel production to grow by 21% in 2022 7
2.2.4 LME US warehouse suspends storage of Russian non-ferrous metals 7
2.2.5 Russia's MMC Norilsk Nickel sells nickel to China in yuan 7
2.2.6 EU adjusts list of critical raw materials, adding copper and nickel 8
2.2.7 LME confirms Asian hours nickel trading to resume on March 27 8
2.2.8 Russian Nornickel allowed to continue selling nickel through Rotterdam port 8
2.2.9 Rishi Sunak announces ban at G7 on Russian diamonds, copper, aluminium and nickel 8
2.2.10 Indonesia delays nickel export restrictions 8
2.2.11 Indonesia probes possible illegal nickel ore exports to China 8
2.2.12 Indonesia will not approve any new mining quotas for 2023 8
2.2.13 EU to take action against ban on Indonesian nickel exports 8
2.2.14 Indonesia extends validity of mining production plans to three years 9
2.2.15 Indonesia to include nickel shipments in online tracking system from 2024 9
3. Market Movements 9
3.1 Chinese Market 9
3.1.1 Nickel cathode 9
3.1.2 Ferronickel 11
3.1.3 Nickel sulfate 13
3.1.4 Lateritic nickel ore 15
4. Company News 17
4.1 GEM: Indonesia QMB Nickel Resource Project makes delivery for first time 17
4.2 Tsingshan Group puts electrowinning nickel project into operation 17
4.3 First furnace of CNGR's Indonesian Weda Bay nickel matte project goes into operation 17
4.4 Terrafame receives 5-year nickel sulphate supply deal 18
4.5 Grand Green Technology resumes nickel sulfate production 18
4.6 Umicore signs long-term nickel supply agreement with Terrafame 18
4.7 Chengtun Mining: Indonesia Shengmai Nickel's nickel matte project to go into operation in Q4 18
4.8 Xinxin Mining increases electrowinning nickel production 18
4.9 GEM plans to sell over 200kt of NCM precursor in 2023 18
4.10 Hanrui Cobalt to raise no more than RMB5 billion to build 60,000-metal-ton nickel high-pressure leaching project 18
4.11 Rui Da Xinnengyuan completes maintenance of nickel sulfate production equipment 18
4.12 Changjiang Energy Technology resumes nickel sulfate production 18
4.13 Antam forecasts 12% growth in 2023 ferronickel production and sales 18
4.14 Evergreen New Energy's phase two project goes into formal construction 19
4.15 Resource Mining confirms 42.1Mt nickel sulphide resource at Ruossakero in Finland 19
4.16 Xinxin Mining to overhaul electrowinning nickel production equipment 19
4.17 Jinchuan Group's increases nickel annual production capacity of 20kt 19
4.18 Philippines FNI signs annual supply agreement with Baosteel Resources for 1.5Mt of nickel ore 19
4.19 GEM to invest in building new generation ultra-high nickel PCAM plant in South Korea 19
4.20 CNMC Zhengyuan's 60,000tpy lithium battery cathode material precursor project goes into construction 19
4.21 Vale and Huayou sign nickel agreement with Ford to invest in 120ktpy nickel project 19
4.22 Merdeka Battery plans to build two nickel HPAL plants with total capacity of 240kt 20
4.23 Zhangjiagang United Copper resumes crude nickel sulfate production 20
4.24 Panoramic Resources reports 3% decline in concentrate production at Savannah Nickel Project 20
4.25 LG Chem joins hands with Huayou Cobalt to invest USD923 million in 50ktpy cathode precursor production project 20
4.26 Nickel Mines: Oracle nickel project starts NPI commercial sales 20
4.27 Australia's Mincor reports 36% increase in nickel-in-concentrate production 20
4.28 Horizonte Minerals targets first production at Araguaia nickel project in Q1 2024 20
4.29 Beixin New Energy suspends nickel sulfate production 21
4.30 Grand Green Technology to put new electro-deposited nickel production line into production 21
4.31 Poseidon Nickel to restart Black Swan nickel project in Australia 21
4.32 Indonesia's HPAL inaugurates first nickel sulfate plant 21
4.33 Maolian Technology resumes electrowinning nickel production 21
4.34 Maolian Technology halts nickel sulfate production 21
4.35 China's Huagu Cobalt applies for nickel brand listing on LME 21
4.36 Xinxin Mining sees first batch of electrowinning nickel go offline 21
4.37 Surge Copper completes acquisition of Berg copper-molybdenum property 21
4.38 Huayou Cobalt's Indonesia-based nickel project goes into trial production 22
4.39 CNGR to develop high nickel precursor project in South Korea 22
4.40 Nickel Industries' quarterly nickel production hits record high 22
4.41 Ronbay Technology gets approval to build precursor project in South Korea 22
4.42 Huayou Cobalt to jointly build nickel sulfate project in Indonesia 22
4.43 First Quantum Starts Output at Africa's Biggest Nickel Mine 22
4.44 Horizonte Minerals targets first production at Araguaia nickel project in Q1 2024 22
4.45 Grand Green Technology suspends nickel sulfate production 23
4.46 Tsingshan starts 50,000-ton nickel plant in Indonesia 23
4.47 Vale, Huayou, Huali partner on nickel processing in Indonesia 23
4.48 Jiangxi Jiana phase two nickel salt project to reach full capacity in late Sep 23
4.49 Indonesian company, China's Gotion to build HPAL plant 23
4.50 Pacific Nickel's Kolosori project starts nickel ore mining 23
4.51 CNGR's Indonesia nickel matte project goes into production 23
4.52 Indonesia's high-grade nickel ore reserves may deplete in six years 23
4.53 LX International to buy Indonesia's PT AKP for nickel mining 24
4.54 Vale to sell 14% stake in Indonesia unit 24
4.55 Ganzhou Hanrui to build electrowinning nickel and cobalt project 24
4.56 DMCI unit targets Q1-24 mine opening 24
4.57 Hanrui Cobalt to develop 20ktpa nickel project in Indonesia 24
5. Producers Statistics 24
5.1 Chinese nickel cathode producers statistics 24
5.1.1 Chinese nickel cathode producers' capacity up by 28.3% YOY in 2023 24
5.1.2 Chinese nickel cathode producers' average operating rate was 68.95% in 2023 24
5.1.3 Chinese nickel cathode producers' output up by 38.47% YOY in 2023 25
5.1.4 Chinese nickel cathode producers' stocks down by 3.3% YOY in 2023 25
5.2 Chinese ferronickel producers statistics 25
5.2.1 Chinese ferronickel producers' capacity down by 4.36% YOY in 2023 25
5.2.2 Chinese ferronickel producers' average operating rate was 46.16% in 2023 25
5.2.3 Chinese ferronickel producers' output down by 0.23% YOY in 2023 26
5.2.4 Chinese ferronickel producers' average stocks up by 65.11% YOY in 2023 26
5.3 Chinese nickel sulfate producers statistics 27
5.3.1 Chinese nickel sulfate producers' production capacity up by 6.98% YOY in 2023 27
5.3.2 Chinese nickel sulfate producers' average operating rate was 52.92% in 2023 27
5.3.3 Chinese nickel sulfate producers' output up by 14.35% YOY in 2023 28
5.3.4 Chinese nickel sulfate producers' inventory up by 99.23% YOY in 2023 28
6. Customs Statistics 29
6.1 China's ferronickel imports up by 43.31% YOY in 2023 29
6.2 China's nickel ore imports up by 11.38% YOY in 2023 29
6.3 China's refined nickel imports down by 41.63% YOY in 2023 29
7. Outlook for supply and demand 30
7.1 Nickel Cathode 30
7.2 Ferronickel 30
7.3 Nickel sulfate 30
7.4 Lateritic nickel ore 30
Graph
Graph 1 Price trend for Chinese nickel cathode 99.96%min in 2023 (RMB/t) 10
Graph 2 Price trend for Norilsk nickel cathode 99.96%min in 2023 (RMB/t) 10
Graph 3 Price trend for Chinese nickel cathode 99.96%min from Jan to March 2023 (RMB/t) 10
Graph 4 Price trend for Norilsk nickel cathode 99.96%min from Jan to March 2023 (RMB/t) 10
Graph 5 Price trend for Chinese nickel cathode 99.96%min from Apr to Jun 2023 (RMB/t) 11
Graph 6 Price trend for Norilsk nickel cathode 99.96%min from Apr to Jun 2023 (RMB/t) 11
Graph 7 Price trend for Chinese nickel cathode 99.96%min from Jul to Sep 2023 (RMB/t) 11
Graph 8 Price trend for Norilsk nickel cathode 99.96%min from Jul to Sep 2023 (RMB/t) 11
Graph 9 Price trend for Chinese nickel cathode 99.96%min from Oct to Dec 2023 (RMB/t) 11
Graph 10 Price trend for Norilsk nickel cathode 99.96%min from Oct to Dec 2023 (RMB/t) 12
Graph 11 Price trend for Chinese ferronickel 10%min in 2023 (RMB/mtu, EXW) 12
Graph 12 Price trend for Chinese ferronickel 1.5%min in 2023 (RMB/t, EXW) 12
Graph 13 Price trend for Chinese ferronickel 10%min from Jan to Mar 2023 (RMB/mtu, EXW) 12
Graph 14 Price trend for Chinese ferronickel 1.5%min from Jan to Mar 2023 (RMB/t, EXW) 12
Graph 15 Price trend for Chinese ferronickel 10%min from Apr to Jun 2023 (RMB/mtu, EXW) 13
Graph 16 Price trend for Chinese ferronickel 1.5%min from Apr to Jun 2023 (RMB/t, EXW) 13
Graph 17 Price trend for Chinese ferronickel 10%min from Jul to Sep 2023 (RMB/mtu, EXW) 13
Graph 18 Price trend for Chinese ferronickel 1.5%min from Jul to Sep 2023 (RMB/t, EXW) 13
Graph 19 Price trend for Chinese ferronickel 10%min from Oct to Dec 2023 (RMB/mtu, EXW) 13
Graph 20 Price trend for Chinese ferronickel 1.5%min from Oct to Dec 2023 (RMB/t, EXW) 13
Graph 21 Price trend for Chinese nickel sulfate Ni22%min Co0.4%max in 2023 (RMB/t) 14
Graph 22 Price trend for Chinese nickel sulfate Ni22%min Co0.05%max in 2023 (RMB/t) 14
Graph 23 Price trend for Chinese nickel sulfate Ni22%min Co0.4%max from Jan to Mar 2023 (RMB/t) 14
Graph 24 Price trend for Chinese nickel sulfate Ni22%min Co0.05%max from Jan to Mar 2023 (RMB/t) 14
Graph 25 Price trend for Chinese nickel sulfate Ni22%min Co0.4%max from Apr to Jun 2023 (RMB/t) 15
Graph 26 Price trend for Chinese nickel sulfate Ni22%min Co0.05%max from Apr to Jun 20223 (RMB/t) 15
Graph 27 Price trend for Chinese nickel sulfate Ni22%min Co0.4%max from Jul to Sep 2023 (RMB/t) 15
Graph 28 Price trend for Chinese nickel sulfate Ni22%min Co0.05%max from Jul to Sep 2023 (RMB/t) 15
Graph 29 Price trend for Chinese nickel sulfate Ni22%min Co0.4%max from Oct to Dec 2023 (RMB/t) 15
Graph 30 Price trend for Chinese nickel sulfate Ni22%min Co0.05%max from Oct to Dec 2023 (RMB/t) 16
Graph 31 Price trend for lateritic nickel ore 1.3%min at Chinese ports in 2023 (RMB/t) 16
Graph 32 Price trend for lateritic nickel ore 1.5%min at Chinese ports in 2023 (RMB/t) 16
Graph 33 Price trend for lateritic nickel ore 1.8%min at Chinese ports in 2023 (RMB/t) 16
Graph 34 Price trend for lateritic nickel ore 1.3%min at Chinese ports from Jan to Mar 2023 (RMB/t) 16
Graph 35 Price trend for lateritic nickel ore 1.5%min at Chinese ports from Jan to Mar 2023 (RMB/t) 16
Graph 36 Price trend for lateritic nickel ore 1.8%min at Chinese ports from Jan to Mar 2023 (RMB/t) 17
Graph 37 Price trend for lateritic nickel ore 1.3%min at Chinese ports from Apr to Jun 2023 (RMB/t) 17
Graph 38 Price trend for lateritic nickel ore 1.5%min at Chinese ports from Apr to Jun 2023 (RMB/t) 17
Graph 39 Price trend for lateritic nickel ore 1.8%min at Chinese ports from Apr to Jun 2023 (RMB/t) 17
Graph 40 Price trend for lateritic nickel ore 1.3%min at Chinese ports from Jul to Sep 2023 (RMB/t) 17
Graph 41 Price trend for lateritic nickel ore 1.5%min at Chinese ports from Jul to Sep 2023 (RMB/t) 17
Graph 42 Price trend for lateritic nickel ore 1.8%min at Chinese ports from Jul to Sep 2023 (RMB/t) 18
Graph 43 Price trend for lateritic nickel ore 1.3%min at Chinese ports from Oct to Dec 2023 (RMB/t) 18
Graph 44 Price trend for lateritic nickel ore 1.5%min at Chinese ports from Oct to Dec 2023 (RMB/t) 18
Graph 45 Price trend for lateritic nickel ore 1.8%min at Chinese ports from Oct to Dec 2023 (RMB/t) 18
Graph 46 Chinese nickel cathode producers' capacity from Dec 2022 to Dec 2023 (ton) 25
Graph 47 Chinese nickel cathode producers' operating rate from Dec 2022 to Dec 2023 (%) 25
Graph 48 Chinese nickel cathode producers' output from Dec 2022 to Dec 2023 (ton) 26
Graph 49 Chinese nickel cathode producers' inventory from Dec 2022 to Dec 2023 (ton) 26
Graph 50 Chinese ferronickel producers' capacity by month from Dec 2022 to Dec 2023 (ton) 26
Graph 51 Chinese ferronickel producers' capacity by region from Dec 2022 to Dec 2023 (ton) 26
Graph 52 Chinese ferronickel producers' operating rate by month from Dec 2022 to Dec 2023 (%) 26
Graph 53 Chinese ferronickel producers' operating rate by region from Dec 2022 to Dec 2023 (%) 27
Graph 54 Chinese ferronickel producers' output by month from Dec 2022 to Dec 2023 (ton) 27
Graph 55 Chinese ferronickel producers' output by region from Dec 2022 to Dec 2023 (ton) 27
Graph 56 Chinese ferronickel producers' stocks by month from Dec 2022 to Dec 2023 (ton) 27
Graph 57 Chinese ferronickel producers' stocks by region from Dec 2022 to Dec 2023 (ton) 28
Graph 58 Chinese nickel sulfate producers' production capacity by month from Dec 2022 to Dec 2023 (ton) 28
Graph 59 Chinese nickel sulfate producers' production capacity by region from Dec 2022 to Dec 2023 (ton) 28
Graph 60 Chinese nickel sulfate producers' operating rate by month from Dec 2022 to Dec 2023 (%) 28
Graph 61 Chinese nickel sulfate producers' operating rate from Dec 2022 to Dec 2023 (%) 29
Graph 62 Chinese nickel sulfate producers' output by month from Dec 2022 to Dec 2023 (ton) 29
Graph 63 Chinese nickel sulfate producers' output by region from Dec 2022 to Dec 2023 (ton) 29
Graph 64 Chinese nickel sulfate producers' inventory by month from Dec 2022 to Dec 2023 (ton) 29
Graph 65 Chinese nickel sulfate producers' inventory by region from Dec 2022 to Dec 2023 (ton) 29
Graph 66 China's ferronickel imports by month from December 2022 to December 2023 (ton) 30
Graph 67 China's ferronickel imports by country from December 2022 to December 2023 (ton) 30
Graph 68 China's nickel ore imports by month from December 2022 to December 2023 (ton) 30
Graph 69 China's nickel ore imports by country from December 2022 to December 2023 (ton) 30
Graph 70 China's refined nickel imports by month from December 2022 to December 2023 (ton) 30
Graph 71 China's refined nickel imports by country from December 2022 to December 2023 (ton) 31
1.1 Definition 6
1.2 Classification 6
1.3 Distribution 6
1.4 Application 6
2. Economy and Policy 6
2.1 Chinese Market 6
2.1.1 Gansu conducts rectification of mines to enhance safety 7
2.1.2 China to scale up medium and long-term lending toward manufacturing sector 7
2.1.3 Shanxi delegates transfer and registration of exploration rights for mineral species 7
2.1.4 INSG forecasts a third consecutive year of nickel surplus 7
2.1.5 China launches third round of central environmental inspections 7
2.2 International Market 7
2.2.1 Indonesia formulates detailed plans to limit development of nickel smelters 7
2.2.2 LME to improve trading liquidity by restarting nickel market Asian Hours 7
2.2.3 USGS: Global nickel production to grow by 21% in 2022 7
2.2.4 LME US warehouse suspends storage of Russian non-ferrous metals 7
2.2.5 Russia's MMC Norilsk Nickel sells nickel to China in yuan 7
2.2.6 EU adjusts list of critical raw materials, adding copper and nickel 8
2.2.7 LME confirms Asian hours nickel trading to resume on March 27 8
2.2.8 Russian Nornickel allowed to continue selling nickel through Rotterdam port 8
2.2.9 Rishi Sunak announces ban at G7 on Russian diamonds, copper, aluminium and nickel 8
2.2.10 Indonesia delays nickel export restrictions 8
2.2.11 Indonesia probes possible illegal nickel ore exports to China 8
2.2.12 Indonesia will not approve any new mining quotas for 2023 8
2.2.13 EU to take action against ban on Indonesian nickel exports 8
2.2.14 Indonesia extends validity of mining production plans to three years 9
2.2.15 Indonesia to include nickel shipments in online tracking system from 2024 9
3. Market Movements 9
3.1 Chinese Market 9
3.1.1 Nickel cathode 9
3.1.2 Ferronickel 11
3.1.3 Nickel sulfate 13
3.1.4 Lateritic nickel ore 15
4. Company News 17
4.1 GEM: Indonesia QMB Nickel Resource Project makes delivery for first time 17
4.2 Tsingshan Group puts electrowinning nickel project into operation 17
4.3 First furnace of CNGR's Indonesian Weda Bay nickel matte project goes into operation 17
4.4 Terrafame receives 5-year nickel sulphate supply deal 18
4.5 Grand Green Technology resumes nickel sulfate production 18
4.6 Umicore signs long-term nickel supply agreement with Terrafame 18
4.7 Chengtun Mining: Indonesia Shengmai Nickel's nickel matte project to go into operation in Q4 18
4.8 Xinxin Mining increases electrowinning nickel production 18
4.9 GEM plans to sell over 200kt of NCM precursor in 2023 18
4.10 Hanrui Cobalt to raise no more than RMB5 billion to build 60,000-metal-ton nickel high-pressure leaching project 18
4.11 Rui Da Xinnengyuan completes maintenance of nickel sulfate production equipment 18
4.12 Changjiang Energy Technology resumes nickel sulfate production 18
4.13 Antam forecasts 12% growth in 2023 ferronickel production and sales 18
4.14 Evergreen New Energy's phase two project goes into formal construction 19
4.15 Resource Mining confirms 42.1Mt nickel sulphide resource at Ruossakero in Finland 19
4.16 Xinxin Mining to overhaul electrowinning nickel production equipment 19
4.17 Jinchuan Group's increases nickel annual production capacity of 20kt 19
4.18 Philippines FNI signs annual supply agreement with Baosteel Resources for 1.5Mt of nickel ore 19
4.19 GEM to invest in building new generation ultra-high nickel PCAM plant in South Korea 19
4.20 CNMC Zhengyuan's 60,000tpy lithium battery cathode material precursor project goes into construction 19
4.21 Vale and Huayou sign nickel agreement with Ford to invest in 120ktpy nickel project 19
4.22 Merdeka Battery plans to build two nickel HPAL plants with total capacity of 240kt 20
4.23 Zhangjiagang United Copper resumes crude nickel sulfate production 20
4.24 Panoramic Resources reports 3% decline in concentrate production at Savannah Nickel Project 20
4.25 LG Chem joins hands with Huayou Cobalt to invest USD923 million in 50ktpy cathode precursor production project 20
4.26 Nickel Mines: Oracle nickel project starts NPI commercial sales 20
4.27 Australia's Mincor reports 36% increase in nickel-in-concentrate production 20
4.28 Horizonte Minerals targets first production at Araguaia nickel project in Q1 2024 20
4.29 Beixin New Energy suspends nickel sulfate production 21
4.30 Grand Green Technology to put new electro-deposited nickel production line into production 21
4.31 Poseidon Nickel to restart Black Swan nickel project in Australia 21
4.32 Indonesia's HPAL inaugurates first nickel sulfate plant 21
4.33 Maolian Technology resumes electrowinning nickel production 21
4.34 Maolian Technology halts nickel sulfate production 21
4.35 China's Huagu Cobalt applies for nickel brand listing on LME 21
4.36 Xinxin Mining sees first batch of electrowinning nickel go offline 21
4.37 Surge Copper completes acquisition of Berg copper-molybdenum property 21
4.38 Huayou Cobalt's Indonesia-based nickel project goes into trial production 22
4.39 CNGR to develop high nickel precursor project in South Korea 22
4.40 Nickel Industries' quarterly nickel production hits record high 22
4.41 Ronbay Technology gets approval to build precursor project in South Korea 22
4.42 Huayou Cobalt to jointly build nickel sulfate project in Indonesia 22
4.43 First Quantum Starts Output at Africa's Biggest Nickel Mine 22
4.44 Horizonte Minerals targets first production at Araguaia nickel project in Q1 2024 22
4.45 Grand Green Technology suspends nickel sulfate production 23
4.46 Tsingshan starts 50,000-ton nickel plant in Indonesia 23
4.47 Vale, Huayou, Huali partner on nickel processing in Indonesia 23
4.48 Jiangxi Jiana phase two nickel salt project to reach full capacity in late Sep 23
4.49 Indonesian company, China's Gotion to build HPAL plant 23
4.50 Pacific Nickel's Kolosori project starts nickel ore mining 23
4.51 CNGR's Indonesia nickel matte project goes into production 23
4.52 Indonesia's high-grade nickel ore reserves may deplete in six years 23
4.53 LX International to buy Indonesia's PT AKP for nickel mining 24
4.54 Vale to sell 14% stake in Indonesia unit 24
4.55 Ganzhou Hanrui to build electrowinning nickel and cobalt project 24
4.56 DMCI unit targets Q1-24 mine opening 24
4.57 Hanrui Cobalt to develop 20ktpa nickel project in Indonesia 24
5. Producers Statistics 24
5.1 Chinese nickel cathode producers statistics 24
5.1.1 Chinese nickel cathode producers' capacity up by 28.3% YOY in 2023 24
5.1.2 Chinese nickel cathode producers' average operating rate was 68.95% in 2023 24
5.1.3 Chinese nickel cathode producers' output up by 38.47% YOY in 2023 25
5.1.4 Chinese nickel cathode producers' stocks down by 3.3% YOY in 2023 25
5.2 Chinese ferronickel producers statistics 25
5.2.1 Chinese ferronickel producers' capacity down by 4.36% YOY in 2023 25
5.2.2 Chinese ferronickel producers' average operating rate was 46.16% in 2023 25
5.2.3 Chinese ferronickel producers' output down by 0.23% YOY in 2023 26
5.2.4 Chinese ferronickel producers' average stocks up by 65.11% YOY in 2023 26
5.3 Chinese nickel sulfate producers statistics 27
5.3.1 Chinese nickel sulfate producers' production capacity up by 6.98% YOY in 2023 27
5.3.2 Chinese nickel sulfate producers' average operating rate was 52.92% in 2023 27
5.3.3 Chinese nickel sulfate producers' output up by 14.35% YOY in 2023 28
5.3.4 Chinese nickel sulfate producers' inventory up by 99.23% YOY in 2023 28
6. Customs Statistics 29
6.1 China's ferronickel imports up by 43.31% YOY in 2023 29
6.2 China's nickel ore imports up by 11.38% YOY in 2023 29
6.3 China's refined nickel imports down by 41.63% YOY in 2023 29
7. Outlook for supply and demand 30
7.1 Nickel Cathode 30
7.2 Ferronickel 30
7.3 Nickel sulfate 30
7.4 Lateritic nickel ore 30
Graph
Graph 1 Price trend for Chinese nickel cathode 99.96%min in 2023 (RMB/t) 10
Graph 2 Price trend for Norilsk nickel cathode 99.96%min in 2023 (RMB/t) 10
Graph 3 Price trend for Chinese nickel cathode 99.96%min from Jan to March 2023 (RMB/t) 10
Graph 4 Price trend for Norilsk nickel cathode 99.96%min from Jan to March 2023 (RMB/t) 10
Graph 5 Price trend for Chinese nickel cathode 99.96%min from Apr to Jun 2023 (RMB/t) 11
Graph 6 Price trend for Norilsk nickel cathode 99.96%min from Apr to Jun 2023 (RMB/t) 11
Graph 7 Price trend for Chinese nickel cathode 99.96%min from Jul to Sep 2023 (RMB/t) 11
Graph 8 Price trend for Norilsk nickel cathode 99.96%min from Jul to Sep 2023 (RMB/t) 11
Graph 9 Price trend for Chinese nickel cathode 99.96%min from Oct to Dec 2023 (RMB/t) 11
Graph 10 Price trend for Norilsk nickel cathode 99.96%min from Oct to Dec 2023 (RMB/t) 12
Graph 11 Price trend for Chinese ferronickel 10%min in 2023 (RMB/mtu, EXW) 12
Graph 12 Price trend for Chinese ferronickel 1.5%min in 2023 (RMB/t, EXW) 12
Graph 13 Price trend for Chinese ferronickel 10%min from Jan to Mar 2023 (RMB/mtu, EXW) 12
Graph 14 Price trend for Chinese ferronickel 1.5%min from Jan to Mar 2023 (RMB/t, EXW) 12
Graph 15 Price trend for Chinese ferronickel 10%min from Apr to Jun 2023 (RMB/mtu, EXW) 13
Graph 16 Price trend for Chinese ferronickel 1.5%min from Apr to Jun 2023 (RMB/t, EXW) 13
Graph 17 Price trend for Chinese ferronickel 10%min from Jul to Sep 2023 (RMB/mtu, EXW) 13
Graph 18 Price trend for Chinese ferronickel 1.5%min from Jul to Sep 2023 (RMB/t, EXW) 13
Graph 19 Price trend for Chinese ferronickel 10%min from Oct to Dec 2023 (RMB/mtu, EXW) 13
Graph 20 Price trend for Chinese ferronickel 1.5%min from Oct to Dec 2023 (RMB/t, EXW) 13
Graph 21 Price trend for Chinese nickel sulfate Ni22%min Co0.4%max in 2023 (RMB/t) 14
Graph 22 Price trend for Chinese nickel sulfate Ni22%min Co0.05%max in 2023 (RMB/t) 14
Graph 23 Price trend for Chinese nickel sulfate Ni22%min Co0.4%max from Jan to Mar 2023 (RMB/t) 14
Graph 24 Price trend for Chinese nickel sulfate Ni22%min Co0.05%max from Jan to Mar 2023 (RMB/t) 14
Graph 25 Price trend for Chinese nickel sulfate Ni22%min Co0.4%max from Apr to Jun 2023 (RMB/t) 15
Graph 26 Price trend for Chinese nickel sulfate Ni22%min Co0.05%max from Apr to Jun 20223 (RMB/t) 15
Graph 27 Price trend for Chinese nickel sulfate Ni22%min Co0.4%max from Jul to Sep 2023 (RMB/t) 15
Graph 28 Price trend for Chinese nickel sulfate Ni22%min Co0.05%max from Jul to Sep 2023 (RMB/t) 15
Graph 29 Price trend for Chinese nickel sulfate Ni22%min Co0.4%max from Oct to Dec 2023 (RMB/t) 15
Graph 30 Price trend for Chinese nickel sulfate Ni22%min Co0.05%max from Oct to Dec 2023 (RMB/t) 16
Graph 31 Price trend for lateritic nickel ore 1.3%min at Chinese ports in 2023 (RMB/t) 16
Graph 32 Price trend for lateritic nickel ore 1.5%min at Chinese ports in 2023 (RMB/t) 16
Graph 33 Price trend for lateritic nickel ore 1.8%min at Chinese ports in 2023 (RMB/t) 16
Graph 34 Price trend for lateritic nickel ore 1.3%min at Chinese ports from Jan to Mar 2023 (RMB/t) 16
Graph 35 Price trend for lateritic nickel ore 1.5%min at Chinese ports from Jan to Mar 2023 (RMB/t) 16
Graph 36 Price trend for lateritic nickel ore 1.8%min at Chinese ports from Jan to Mar 2023 (RMB/t) 17
Graph 37 Price trend for lateritic nickel ore 1.3%min at Chinese ports from Apr to Jun 2023 (RMB/t) 17
Graph 38 Price trend for lateritic nickel ore 1.5%min at Chinese ports from Apr to Jun 2023 (RMB/t) 17
Graph 39 Price trend for lateritic nickel ore 1.8%min at Chinese ports from Apr to Jun 2023 (RMB/t) 17
Graph 40 Price trend for lateritic nickel ore 1.3%min at Chinese ports from Jul to Sep 2023 (RMB/t) 17
Graph 41 Price trend for lateritic nickel ore 1.5%min at Chinese ports from Jul to Sep 2023 (RMB/t) 17
Graph 42 Price trend for lateritic nickel ore 1.8%min at Chinese ports from Jul to Sep 2023 (RMB/t) 18
Graph 43 Price trend for lateritic nickel ore 1.3%min at Chinese ports from Oct to Dec 2023 (RMB/t) 18
Graph 44 Price trend for lateritic nickel ore 1.5%min at Chinese ports from Oct to Dec 2023 (RMB/t) 18
Graph 45 Price trend for lateritic nickel ore 1.8%min at Chinese ports from Oct to Dec 2023 (RMB/t) 18
Graph 46 Chinese nickel cathode producers' capacity from Dec 2022 to Dec 2023 (ton) 25
Graph 47 Chinese nickel cathode producers' operating rate from Dec 2022 to Dec 2023 (%) 25
Graph 48 Chinese nickel cathode producers' output from Dec 2022 to Dec 2023 (ton) 26
Graph 49 Chinese nickel cathode producers' inventory from Dec 2022 to Dec 2023 (ton) 26
Graph 50 Chinese ferronickel producers' capacity by month from Dec 2022 to Dec 2023 (ton) 26
Graph 51 Chinese ferronickel producers' capacity by region from Dec 2022 to Dec 2023 (ton) 26
Graph 52 Chinese ferronickel producers' operating rate by month from Dec 2022 to Dec 2023 (%) 26
Graph 53 Chinese ferronickel producers' operating rate by region from Dec 2022 to Dec 2023 (%) 27
Graph 54 Chinese ferronickel producers' output by month from Dec 2022 to Dec 2023 (ton) 27
Graph 55 Chinese ferronickel producers' output by region from Dec 2022 to Dec 2023 (ton) 27
Graph 56 Chinese ferronickel producers' stocks by month from Dec 2022 to Dec 2023 (ton) 27
Graph 57 Chinese ferronickel producers' stocks by region from Dec 2022 to Dec 2023 (ton) 28
Graph 58 Chinese nickel sulfate producers' production capacity by month from Dec 2022 to Dec 2023 (ton) 28
Graph 59 Chinese nickel sulfate producers' production capacity by region from Dec 2022 to Dec 2023 (ton) 28
Graph 60 Chinese nickel sulfate producers' operating rate by month from Dec 2022 to Dec 2023 (%) 28
Graph 61 Chinese nickel sulfate producers' operating rate from Dec 2022 to Dec 2023 (%) 29
Graph 62 Chinese nickel sulfate producers' output by month from Dec 2022 to Dec 2023 (ton) 29
Graph 63 Chinese nickel sulfate producers' output by region from Dec 2022 to Dec 2023 (ton) 29
Graph 64 Chinese nickel sulfate producers' inventory by month from Dec 2022 to Dec 2023 (ton) 29
Graph 65 Chinese nickel sulfate producers' inventory by region from Dec 2022 to Dec 2023 (ton) 29
Graph 66 China's ferronickel imports by month from December 2022 to December 2023 (ton) 30
Graph 67 China's ferronickel imports by country from December 2022 to December 2023 (ton) 30
Graph 68 China's nickel ore imports by month from December 2022 to December 2023 (ton) 30
Graph 69 China's nickel ore imports by country from December 2022 to December 2023 (ton) 30
Graph 70 China's refined nickel imports by month from December 2022 to December 2023 (ton) 30
Graph 71 China's refined nickel imports by country from December 2022 to December 2023 (ton) 31
