Monthly Nickel Market Report Aug 2024

Content
1. Market Highlights 4
2. Economy and Policy 4
2.1 Indonesian government agrees to suspend building new nickel smelting plants 4
3. Market Movement 4
3.1 Chinese Market Movements 4
3.1.Asian Metal Copyright6 Jana Energy increases nickel sulfate production 6 4.Asian Metal Copyright1 Chinese nickel cathode 99.96%min EXW China 4
3.1.Asian Metal Copyright1.Asian Metal Copyright2 Norilsk nickel cathode 99.96%min in port China 4
3.1.Asian Metal Copyright1 China's ferro-nickel import volume grew 18.Asian Metal Copyright3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 4
3.1.Asian Metal Copyright5 Ferronickel 10%min EXW China 5 3.Asian Metal Copyright4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 5
3.1.5 Ferronickel 10%min EXW China 5
3.1.Asian Metal Copyright Producers Statistics 7 5.Asian Metal Copyright6 Ferronickel 1.5%min EXW China 5
3.2 International Market Movements 5
3.2.Asian Metal Copyright2 International Market Movements 5 3.Asian Metal Copyright1 Philippine lateritic nickel ore 1.3%min CIF China 5
3.2.Asian Metal Copyright6 Ferronickel 1.Asian Metal Copyright2 Philippine lateritic nickel ore 1.8%min CIF China 6
4. Company News 6
4.1 Grand Green resumes nickel sulfate production 6
4.2 Xinxin Mining halts electrowinning nickel production 6
4.3 Huaxin Cobalt suspends nickel sulfate production 6
4.4 Greatpower Technology resumes nickel sulfate production 6
4.5 Guanghua Technology to increase nickel sulfate production 6
4.6 Jana Energy increases nickel sulfate production 6
4.7 Heyi Nickel-Chrome maintains ferronickel production equipment 7
4.8 Beixin New Energy halts nickel sulfate production 7
4.9 Qisheng Metal resumes electrowinning nickel production 7
5. Producers Statistics 7
5.1 Chinese refined nickel producers' operating rate records 71.67% in August 7
5.2 Chinese refined nickel producers' production down by about 2.6% MoM in August 7
5.3 Chinese refined nickel producers' stocks up by about 9.32% MoM in August 7
5.4 Chinese nickel sulfate producers' operating rate posts 46.05%% in August 7
5.5 Chinese nickel sulfate producers' output up by about 3.81% MoM in August 8
5.6 Chinese nickel sulfate producers' inventory down by about 14.10% MoM in August 8
5.7 Chinese ferronickel producers' operating rate reports 36.7% in August 9
5.8 Chinese ferronickel producers' output down by about 2.37% MoM in August 9
5.9 Chinese ferronickel producers' stocks basically stable MoM in late August 9
6. Import and Export Statistics 10
6.1 China's ferro-nickel import volume grew 18.27% MoM in Jul 2024 10
6.2 China's refined nickel (Co＞0.Asian Metal Copyright7 Chinese ferronickel producers' operating rate reports 36.Asian Metal Copyright005%) import volume fell 50.53% YoY in Jul 2024 11
6.3 China's nickel sulphate import volume increased 13.47% YoY in Jul 2024 12
6.4 China's refined nickel (Co＞0.Asian Metal Copyright8 Chinese ferronickel producers' output down by about 2.Asian Metal Copyright005%) exports up by 39.93% MoM in July 13
6.5 China's nickel concentrate import volume decreased 30.60% YoY in Jul 2024 13


.Asian Metal Copyright2 Chinese refined nickel producers' production down by about 2Asian Metal Copyright