[SMM Analysis: In February 2025, China's Refined Nickel Production Down 5.69% MoM, Up 15.12% YoY]
In February 2025, China's refined nickel production decreased by 5.69% MoM and increased by 15.12% YoY. The industry's operating rate was 52%, slightly lower than the previous month. The main reasons were the recent end of the Spring Festival holiday, with some enterprises yet to fully resume operations, and the fewer calendar days in February, leading to a decline in production.
