China's imports of nickel hydrometallurgy intermediate products were 130,000 mt in May

According to the latest customs data, China's imports of nickel hydrometallurgy intermediate products were 130,000 mt in May. The nickel content was approximately 25,100 mt, down 12% MoM but up 46% YoY. The reduction in May was mainly from Indonesia and Papua New Guinea. It is expected that the imports in June will see a slight increase, mainly due to the gradual production ramp-up of nickel hydrometallurgy intermediate product projects that have been put into operation in Indonesia.