Shanghai Nonferrous Metals News


China produced 42 kt of NPI (in Ni metal) in February 2020, down 20.8% m-o-m. The fall can be attributed to:


  1. Reduced smelter operations rates on low nickel laterite inventories
  2. High raw material prices, excessive NPI supply in conjunction with low prices have forced some high cost smelters in IM and Liaoning to cut production
  3. COVID-19 outbreak during the CNY period interrupted transportation of goods and workers.



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