According to the independent research statistic from SMM, the total sample production of electrolytic nickel is 12,050 tons, 150(1.3%) more than that in September. Monthly sample capacity is 21,134 tons, taking up 95.4% of the national capacity. The total production in China is 12,631 tons. The production from January to October in China is 129,000 tons so far, 13.4% less on a year-on-year basis.
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![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)