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:
- Reduced smelter operations rates on low nickel laterite inventories
- 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
- COVID-19 outbreak during the CNY period interrupted transportation of goods and workers.