Monthly Nickel Market Report Jun 2024

Content
1. Market Highlights 3
2. Economy and Policy 3
2.1 SHFE approves registration of two nickel cathode brands 3
2.2 Indonesia announces nickel mining quotas for next three years 3
2.3 Indonesia may terminate some ferronickel production licenses 3
3. Market Movement 3
3.1 Chinese Market Movements 3
3.1.Asian Metal Copyright3 Qisheng Metal halts electrowinning nickel production 5 4.Asian Metal Copyright1 Chinese nickel cathode 99.96%min EXW China 3
3.1.Asian Metal Copyright Economy and Policy 3 2.Asian Metal Copyright2 Norilsk nickel cathode 99.96%min in port China 3
3.1.Asian Metal Copyright95% in June 6 5.Asian Metal Copyright3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 3
3.1.Asian Metal Copyright84% MoM in late June 9 6.Asian Metal Copyright4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 4
3.1.5 Ferronickel 10%min EXW China 4
3.1.Asian Metal Copyright8 Grand Green Technology restarts electrowinning nickel production 6 4.Asian Metal Copyright6 Ferronickel 1.5%min EXW China 4
3.2 International Market Movements 4
3.2.Asian Metal Copyright55% YoY in May 2024 9 6.Asian Metal Copyright1 Philippine lateritic nickel ore 1.3%min CIF China 4
3.2.Asian Metal Copyright95% in June 6 5.Asian Metal Copyright2 Philippine lateritic nickel ore 1.8%min CIF China 5
4. Company News 5
4.1 Huaxin Cobalt expects to raise nickel sulfate output 5
4.2 Greatpower Technology completes equipment transformation 5
4.3 Qisheng Metal halts electrowinning nickel production 5
4.4 Kaiyuan Industrial increases ferronickel production 5
4.5 Miracle Golden Tiger suspends nickel sulfate production 5
4.6 Ronbay Lithium Battery suspends battery grade nickel sulfate consumption 5
4.7 Vale expands copper-nickel production capacity 6
4.8 Grand Green Technology restarts electrowinning nickel production 6
4.9 Changjiang Energy Technology reduces nickel sulfate output 6
5. Producers Statistics 6
5.1 Chinese refined nickel producers' operating rate records 73.95% in June 6
5.2 Chinese refined nickel producers' production up by about 0.58% MoM in June 6
5.3 Chinese refined nickel producers' stocks up by about 12.25% MoM in June 6
5.4 Chinese nickel sulfate producers' operating rate posts 47.57% in June 6
5.5 Chinese nickel sulfate producers' output down by about 10% MoM in June 7
5.6 Chinese nickel sulfate producers' inventory up by about 48.57% MoM in June 7
5.7 Chinese ferronickel producers' operating rate reports 36.96% in June 8
5.8 Chinese ferronickel producers' output up by about 4.93% MoM in June 8
5.9 Chinese ferronickel producers' stocks down by about 10.84% MoM in late June 9
6. Import and Export Statistics 9
6.1 China's ferro-nickel import volume down by 1.86% MoM in May 2024 9
6.2 China's refined nickel (Co＞0.Asian Metal Copyright93% MoM in June 8 5.Asian Metal Copyright005%) import volume fell 34.55% YoY in May 2024 9
6.3 1,010.Asian Metal Copyright2.Asian Metal Copyright79%China's nickel sulphate import volume increased 1,010.79% YoY in May 2024 10
6.4 China's refined nickel (Co＞0.Asian Metal Copyright1 Huaxin Cobalt expects to raise nickel sulfate output 5 4.Asian Metal Copyright005%) export volume rose 60.55% MoM in May 2024 11
6.5 China's nickel concentrate import volume rose 56.66% MoM in May 2024 11


.Asian Metal Copyright4 Nickel sulfate Ni 22%min, Co 0Asian Metal Copyright