Refined Nickel Exports Declined Significantly in March, Net Exports Narrowed

According to data from the General Administration of Customs of China, China's refined nickel imports in March 2025 reached 8,559.429 mt, up 8.37% MoM and 30.03% YoY. From January to March 2025, China's cumulative refined nickel imports totaled 42,300 mt, up 123% YoY.

In March 2025, China's refined nickel exports amounted to 13,631.802 mt, down 6,569 mt MoM, a decrease of 32.52%, and up 6,135 mt YoY, an increase of 81.84%. From January to March 2025, China's cumulative refined nickel exports reached 47,904.35 mt, up 33,128 mt YoY, an increase of 224.21%.

In March, the net imports of refined nickel were -5,072 mt, and from January to March 2025, the cumulative net imports of refined nickel were -5,599 mt.