LME Nickel to Rise Further (2015-11-27)

India's Ministry of Mines is expected to unveil an incentive package of approximately US$317 million to develop domestic nickel and lithium processing capacities, according to government sources. To qualify, investors must establish nickel processing plants of at least 50,000 mt/year. Nickel is a critical input in stainless steel production and is also used as an additive in heavy-duty structural carbon steel.

Japan's government issued a preliminary determination on June 19, stating that nickel-based stainless steel cold-rolled strips and sheets from China and Chinese Taiwan are being dumped at unfairly low prices. Temporary anti-dumping duties are expected to be imposed as early as July, with dumping margins of 3.86–20.71% for Chinese Taiwanese suppliers and 33.29–45.32% for Chinese suppliers. Market expect the practical impact to be limited: Chinese Taiwan exported approximately 124,000 tons of 304 cold-rolled stainless steel in the first five months of this year, of which only around 6400 tons, or 5.16% of total exports, were destined for Japan.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 22 Jun , 2026