Short supplies of nickel concentrate in China to end by 2021

Published: Mar 12, 2018 11:43

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Supply shortages of nickel concentrate in China are likely to end by 2021, showed SMM data.

SHANGHAI, Mar 12 (SMM) – Supply shortages of nickel concentrate in China are likely to end by 2021, showed SMM data.

Global supplies fell in recent years as prices of nickel weakened. The decline in imports of nickel concentrate led to the subsequent decrease in supplies in 2015-2017. In addition, a major producer of nickel pig iron (NPI) in south China raised its use of nickel concentrate after Indonesia imposed an export ban on nickel ore in 2014.

SMM expects China’s nickel concentrate supplies to grow as new mines in Qinghai province and Russia are set to open in 2020. Imports of nickel ore will also rise in 2018 after Indonesia's export ban eased in 2017. Demand for nickel concentrate will rebound when Indonesia reinstates the ban on nickel ore exports in 2022.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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