Monthly Nickel Market Report Mar 2025
2025-04-17 18:38:57 【Print】
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Content
1. Market Highlights 3
2. Economy and Policy 3
2.1 Indonesia issues new rule allowing mineral exports in force majeure cases 3
2.2 Indonesia mulls tax hikes on miners due to budgetary pressures 3
2.3 Experts say Kazakhstan could play a vital role in the global supply of critical raw materials 3
3. Market Movement 3
3.1 Chinese Market Movements 3
3.1.1 Chinese nickel cathode 99.96%min EXW China 4
3.1.2 Norilsk nickel cathode 99.96%min in port China 4
3.1.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 4
3.1.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 4
3.1.5 Ferronickel 10%min EXW China 4
3.2 International Market Movements 5
3.2.1 Philippine lateritic nickel ore 1.3%min CIF China 5
4. Company News 5
4.1 Lundin Mining to Option Ni-Cu-PGM Exploration Properties from Talon Metals Corp. 5
4.2 Greatpower increases nickel sulfate production 5
4.3 Xingnie Advanced Materials to increase electroplating grade nickel sulfate production 5
4.4 Grand Green Technology to raise electrowinning nickel production 6
4.5 Yinyi Advanced Material resumes nickel sulfate production 6
4.6 Huiran Industry maintains ferronickel production equipment 6
4.7 Heyi Ni-Cr Composite Materials suspends ferronickel production 6
4.8 Century Tsingshan Nickel maintains ferronickel production facility 6
5. Producers Statistics 6
5.1 Chinese refined nickel producers' operating rate records 80.04% in March 6
5.2 Chinese refined nickel producers' production up by about 2.15% MoM in March 6
5.3 Chinese refined nickel producers' stocks down by about 10.63% MoM in March 6
5.4 Chinese nickel sulfate producers' operating rate posts 46.75% in March 7
5.5 Chinese nickel sulfate producers' output down by about 17.97% MoM in March 7
5.6 Chinese nickel sulfate producers' inventory down by about 10.92% MoM in March 7
5.7 Chinese ferronickel producers' operating rate reports 44.92% in March 8
5.8 Chinese ferronickel producers' output up by about 1.55% MoM in March 8
5.9 Chinese ferronickel producers' stocks up by 1.79% MoM in late March 8
6. Import and Export Statistics 9
6.1 China's nickel concentrate import volume increased 25.68% MoM in Feb 2025 9
6.2 China's ferro-nickel import volume rose 23.46% YoY in Feb 2025 10
6.3 China's refined nickel (Co＞0.005%) import volume declined 76.25% MoM in Feb 2025 11
6.4 China's nickel sulphate import volume grew 17.11% MoM in Feb 2025 12
6.5 China's refined nickel (Co＞0.005%) export volume grew 752.59% YoY in Feb 2025 13
1. Market Highlights 3
2. Economy and Policy 3
2.1 Indonesia issues new rule allowing mineral exports in force majeure cases 3
2.2 Indonesia mulls tax hikes on miners due to budgetary pressures 3
2.3 Experts say Kazakhstan could play a vital role in the global supply of critical raw materials 3
3. Market Movement 3
3.1 Chinese Market Movements 3
3.1.1 Chinese nickel cathode 99.96%min EXW China 4
3.1.2 Norilsk nickel cathode 99.96%min in port China 4
3.1.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 4
3.1.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 4
3.1.5 Ferronickel 10%min EXW China 4
3.2 International Market Movements 5
3.2.1 Philippine lateritic nickel ore 1.3%min CIF China 5
4. Company News 5
4.1 Lundin Mining to Option Ni-Cu-PGM Exploration Properties from Talon Metals Corp. 5
4.2 Greatpower increases nickel sulfate production 5
4.3 Xingnie Advanced Materials to increase electroplating grade nickel sulfate production 5
4.4 Grand Green Technology to raise electrowinning nickel production 6
4.5 Yinyi Advanced Material resumes nickel sulfate production 6
4.6 Huiran Industry maintains ferronickel production equipment 6
4.7 Heyi Ni-Cr Composite Materials suspends ferronickel production 6
4.8 Century Tsingshan Nickel maintains ferronickel production facility 6
5. Producers Statistics 6
5.1 Chinese refined nickel producers' operating rate records 80.04% in March 6
5.2 Chinese refined nickel producers' production up by about 2.15% MoM in March 6
5.3 Chinese refined nickel producers' stocks down by about 10.63% MoM in March 6
5.4 Chinese nickel sulfate producers' operating rate posts 46.75% in March 7
5.5 Chinese nickel sulfate producers' output down by about 17.97% MoM in March 7
5.6 Chinese nickel sulfate producers' inventory down by about 10.92% MoM in March 7
5.7 Chinese ferronickel producers' operating rate reports 44.92% in March 8
5.8 Chinese ferronickel producers' output up by about 1.55% MoM in March 8
5.9 Chinese ferronickel producers' stocks up by 1.79% MoM in late March 8
6. Import and Export Statistics 9
6.1 China's nickel concentrate import volume increased 25.68% MoM in Feb 2025 9
6.2 China's ferro-nickel import volume rose 23.46% YoY in Feb 2025 10
6.3 China's refined nickel (Co＞0.005%) import volume declined 76.25% MoM in Feb 2025 11
6.4 China's nickel sulphate import volume grew 17.11% MoM in Feb 2025 12
6.5 China's refined nickel (Co＞0.005%) export volume grew 752.59% YoY in Feb 2025 13
