Shanghai Nonferrous Metals News
Boosted by high profit margins in combination with emerging new capacity and easing environmental control, China’s total NPI output grew by 28% y-o-y to 580 kt (in Ni metal) in 2019.
Indonesia’s 2020 raw ore export ban has resulted in a nickel laterite supply shortage for NPI smelters in China. SMM forecast China’s NPI output will drop to 490 kt (in Ni metal) in 2020, based on current NPI capacity in China.
