China’s Nickel Sulphate Production Review In July And Forecast In August

SHANGHAI, Aug 11 (SMM) –

In July 2023, China's nickel sulphate output was 40,000 mt in metal content and 182,000 mt in physical content, rising 14.0% MoM and 33.6% YoY. Ternary cathode precursor output went up by 5% from June, boosting nickel sulphate production. Despite this, July saw limited inquiries and spot transactions, with small factories' output remaining consistent. The growth in nickel sulphate output surpassed that of ternary cathode precursor, leading to an oversupply and price drop in July. August is expected to see a 5.0% MoM increase in nickel sulphate output, driven again by the growing output at integrated ternary cathode precursor producers.