China’s Refined Nickel Production Review In July And Forecast In August

SHANGHAI, Aug 11 (SMM) –

In July 2023, China's refined nickel output was 21,500 mt, rising 5.39% MoM and 34.38% YoY. The July growth met expectations. SMM survey revealed that the high nickel prices and dropping nickel sulphate prices boosted electrowinning nickel profits. New production lines maintained steady output, and factories in North and South China continued to ramp up production.

In August 2023, China's refined nickel output is forecasted at 21,650 mt, a 0.7% MoM increase and 39.68% YoY rise. The growth is due to some smelters in July not being at full capacity and some electrowinning nickel production lines in South China ramping up output.