Newssummary: Over 80% of Jinchuan Nickel Go to Non-steel Sector

SHANGHAI, Jun. 3 (SMM) – More than 80% of Jinchuan nickel is consumed by China’s non-steel sector, news reported from the Shanghai Derivatives Market Forum. 

“Around 120,000-130,000 tonnes of Jinchuan nickel go to domestic non-steel industry every year, such as the battery and electroplating sectors,” said Simon Bao, Deputy Marketing General Manager of Jinchuan Group, at the forum, in responding to earlier report of limited supply from the company.

Consumption of Jinchuan nickel in the stainless steel sector is only about 30,000 tonnes, Bao added, a small part of its annual output of 150,000-160,000 tonnes.    

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