Nickel Industry Annual Report 2019
2020-03-09 10:55:23 【Print】
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1. Nickel Industry Overview 6
1.1 Physical Characteristics of Nickel Metal 6
1.2 Nickel Industry Development Status 6
2. Economy and Policy 6
2.1 Chinese Market 6
2.1.1 Amendment to detailed rules for delivery of SHFE and other implementation rules issued by SHFE 6
2.1.2 VAT rate reduced from April 1 6
2.1.3 China to propose resource tax law to collect tax based on law 6
2.1.4 CAITEC: China to further cut tariffs on imported products in 2020 6
2.1.5Ministry of Commerce: China, U.S. trade teams to keep close communication 7
2.1.6Philippine nickel miners and Chinese battery makers explore ties 7
2.2 International Market 7
2.2.1Indonesian government signs bill to ban ore export in advance 7
2.2.2PNIA: Philippine nickel ore output may rise in 2020 7
2.2.4INSG: Global nickel demand to up to 2.52 million tons in 2020 8
2.2.5LME starts inquiry into nickel trading as inventories plunge 8
2.2.6 Indonesia to revise domestic nickel ore rule to put floor on price 8
2.2.7Indonesian nickel miners to stop ore exports immediately 8
2.2.8Indonesia nickel ore exports may resume after 1-2 week investigation 9
2.2.9Indonesian officials: the input capacity of nickel smelter to reach 91 million tons by 2021 9
2.2.10Indonesian investment director to hold talks with enterprises on nickel ore export next week 9
2.2.11Indonesia allows some nickel ore exporters to resume shipments 9
2.2.12Indonesian nickel miners consider selling ore locally ahead of 2020 ban.9
2.2.13Indonesia anti-monopoly body to investigate nickel smelters.9
2.2.14Indonesia's nickel ore and its product exports rise by 10% MOM in Oct 10
2.2.15India's Steel Ministry Officials: nickel import duties may be lifted 10
2.2.16 Indonesia hopes for environmental nod soon for battery-grade nickel plants.10
2.2.17EU takes Indonesia to WTO over nickel ore export curbs 11
2.2.18 APNI: implementing nickel ore export ban in advance unfavorable to local miners 11
2.2.19EUROFER supports EU action against Indonesian nickel policy 11
3. Market Movements 11
3.1 Chinese Market 11
3.1.1 Chinese nickel cathode prices fluctuate upwards in 2019 12
3.1.2 Chinese high grade ferronickel prices fluctuate and middle grade ferronickel prices down 12
3.1.3Battery grade nickel sulfate prices and electroplating grade nickel sulfate prices both up 13
3.1.4 NCM precursor 523 prices drop in 2019 14
3.1.5 Lateritic nickel ore prices up 15
3.2 International Market 15
3.2.1 LME nickel prices fluctuate down 15
4. Producers Statistics 16
4.1 Chinese nickel cathode producers' output up by about 8.9% YOY in 2019 16
4.2 Chinese ferronickel producers' output down sharply by 74.7% YOY in 2018 17
4.3 Chinese nickel sulfate producers' output reaches 480,000t in 2019 17
4.4 Chinese ferronickel smelters' lateritic nickel ore stocks in late Dec 17
5. Customs Statistics 17
5.1 China's nickel cathode imports down by 5.7% YOY in 2019 18
5.2 China's ferronickel imports up by 99.3% YOY in 2019 18
5.3 China's lateritic nickel ore imports up by 19.5% YOY in 2019 19
5.4 5.2%China's nickel hydrometallurgy intermediates imports up by 5.2% YOY in 2019 19
6. Company News 20
6.1 International Market 20
6.1.1Indonesia Jinchuan lateritic nickel ore project achieves progress 20
6.1.2Honda Motor to produce Ni-Co alloy in 2025 20
6.1.3 Indonesia Antam aims to export 5.2 mln tons of nickel ore in 2019.20
6.1.4Honda Motor to produce Ni-Co alloy in 2025 20
6.1.6Clean TeQ commences partnering process for Sunrise Battery Materials Complex 20
6.1.7Indonesian CNI ferronickel smelter holds foundation-laying ceremony 21
6.1.8Vale suspends nickel processing at Onca Puma plant 21
6.1.10 Independence Group:Nova project exceeds output target in 2019 21
6.1.11First Quantum Minerals plans restart of Ravensthorpe nickel mine 21
6.1.12Australia's Mincor Resources signs nickel supply deal with BHP 21
6.1.13LG Chemical to build lithium battery production facility in Indonesia 22
6.1.14Fe-Ni Mining signs cooperation document with Tianma Group 22
6.1.15Eramet's nickel plant in Indonesia to start in H1 2020.22
6.1.16Russian Norilsk Nickel: global nickel market to see deficit of 28,000t in 2020 22
6.1.17Lundin Mining expects nickel output to rise over 25% YOY in 2020.22
6.1.18Huayou expects to start production from Indonesia nickel, cobalt project in 2 years 23
6.1.19GEM eyes nickel, cobalt output from Indonesia by August 2020.23
6.1.20 Jinchuan confident of filling Indonesia nickel ore void 23
6.1.21Indonesia Jinchuan WP's first shippment of ferronickel departs 23
6.1.22Vale puts New Caledonian nickel plant up for sale 23
6.1.23 Vale aims to boost nickel output by about 70% in coming years 24
6.2 Chinese Market 24
6.2.1Lanzhou Jinchuan starts running newly added NCM precursor production capacity 24
6.2.2Dalian Huarui Heavy Industry: PKEF ferronickel electric furnace put into operation 24
6.2.3GEM starts construction of new energy materials project 24
6.2.4GEM chairman: sales goal is 80,000t in 2019 25
6.2.5GEM's subsidiary secures ternary precursor supply contract 25
6.2.6GME to sell NCM precursor materials to Brunp recycling Technology 25
6.2.7Inner Mongolia Hongtong replaces ferronickel equipment 25
6.2.8Huayou Cobalt to establish nickel cobalt hydroxide project in Indonesia 25
6.2.9Puyang Iron and Steel to build a ferronickel production line in Indonesia 25
6.2.10GME to raise RMB3 billion for power battery projects 25
6.2.11Chengtun Mining to invest in high nickel matte project in Indonesia 26
6.2.12Jinco Nonferrous Metals plans to shut down electroplating grade nickel sulfate production base in Jiangsu.26
6.2.13Tsingshan helps drive record drop in LME nickel inventories 26
6.2.14Fengyuan Chemical's subsidiary to build high nickel ternary materials project 26
6.2.15Tsingshan Group: nickel fetched from LME warehouses to be used to produce stainless steel in China 26
6.2.16TISCO leads the drafting of ISO standard for the first time 27
6.2.17GEM eyes nickel, cobalt output from Indonesia by August 2020 27
6.2.18Jinchuan Group's flash furnaces go into successful operation 27
6.2.19Jinchuan confident of filling Indonesia nickel ore void 27
6.2.20China Moly joins Huayou in Indonesia nickel project 27
6.2.21Hanrui Cobalt to raise no more than 1.9 billion yuan to develop projects 28
6.2.22Jiangxi Miracle Golden Tiger Cobalt puts nickel monoxide into production 28
6.2.23Western Mining announces production and business targets for 2020 28
6.2.24Huayou Cobalt raises RMB1.6 billion to deepen NCM power battery business layout 28
7. Market Outlook for Next Year 28
7.1 Nickel Cathode 28
7.2 Ferronickel 29
7.3 Nickel sulfate 29
7.4 NCM precursor 30
7.5 Lateritic nickel ore 30
1.1 Physical Characteristics of Nickel Metal 6
1.2 Nickel Industry Development Status 6
2. Economy and Policy 6
2.1 Chinese Market 6
2.1.1 Amendment to detailed rules for delivery of SHFE and other implementation rules issued by SHFE 6
2.1.2 VAT rate reduced from April 1 6
2.1.3 China to propose resource tax law to collect tax based on law 6
2.1.4 CAITEC: China to further cut tariffs on imported products in 2020 6
2.1.5Ministry of Commerce: China, U.S. trade teams to keep close communication 7
2.1.6Philippine nickel miners and Chinese battery makers explore ties 7
2.2 International Market 7
2.2.1Indonesian government signs bill to ban ore export in advance 7
2.2.2PNIA: Philippine nickel ore output may rise in 2020 7
2.2.4INSG: Global nickel demand to up to 2.52 million tons in 2020 8
2.2.5LME starts inquiry into nickel trading as inventories plunge 8
2.2.6 Indonesia to revise domestic nickel ore rule to put floor on price 8
2.2.7Indonesian nickel miners to stop ore exports immediately 8
2.2.8Indonesia nickel ore exports may resume after 1-2 week investigation 9
2.2.9Indonesian officials: the input capacity of nickel smelter to reach 91 million tons by 2021 9
2.2.10Indonesian investment director to hold talks with enterprises on nickel ore export next week 9
2.2.11Indonesia allows some nickel ore exporters to resume shipments 9
2.2.12Indonesian nickel miners consider selling ore locally ahead of 2020 ban.9
2.2.13Indonesia anti-monopoly body to investigate nickel smelters.9
2.2.14Indonesia's nickel ore and its product exports rise by 10% MOM in Oct 10
2.2.15India's Steel Ministry Officials: nickel import duties may be lifted 10
2.2.16 Indonesia hopes for environmental nod soon for battery-grade nickel plants.10
2.2.17EU takes Indonesia to WTO over nickel ore export curbs 11
2.2.18 APNI: implementing nickel ore export ban in advance unfavorable to local miners 11
2.2.19EUROFER supports EU action against Indonesian nickel policy 11
3. Market Movements 11
3.1 Chinese Market 11
3.1.1 Chinese nickel cathode prices fluctuate upwards in 2019 12
3.1.2 Chinese high grade ferronickel prices fluctuate and middle grade ferronickel prices down 12
3.1.3Battery grade nickel sulfate prices and electroplating grade nickel sulfate prices both up 13
3.1.4 NCM precursor 523 prices drop in 2019 14
3.1.5 Lateritic nickel ore prices up 15
3.2 International Market 15
3.2.1 LME nickel prices fluctuate down 15
4. Producers Statistics 16
4.1 Chinese nickel cathode producers' output up by about 8.9% YOY in 2019 16
4.2 Chinese ferronickel producers' output down sharply by 74.7% YOY in 2018 17
4.3 Chinese nickel sulfate producers' output reaches 480,000t in 2019 17
4.4 Chinese ferronickel smelters' lateritic nickel ore stocks in late Dec 17
5. Customs Statistics 17
5.1 China's nickel cathode imports down by 5.7% YOY in 2019 18
5.2 China's ferronickel imports up by 99.3% YOY in 2019 18
5.3 China's lateritic nickel ore imports up by 19.5% YOY in 2019 19
5.4 5.2%China's nickel hydrometallurgy intermediates imports up by 5.2% YOY in 2019 19
6. Company News 20
6.1 International Market 20
6.1.1Indonesia Jinchuan lateritic nickel ore project achieves progress 20
6.1.2Honda Motor to produce Ni-Co alloy in 2025 20
6.1.3 Indonesia Antam aims to export 5.2 mln tons of nickel ore in 2019.20
6.1.4Honda Motor to produce Ni-Co alloy in 2025 20
6.1.6Clean TeQ commences partnering process for Sunrise Battery Materials Complex 20
6.1.7Indonesian CNI ferronickel smelter holds foundation-laying ceremony 21
6.1.8Vale suspends nickel processing at Onca Puma plant 21
6.1.10 Independence Group:Nova project exceeds output target in 2019 21
6.1.11First Quantum Minerals plans restart of Ravensthorpe nickel mine 21
6.1.12Australia's Mincor Resources signs nickel supply deal with BHP 21
6.1.13LG Chemical to build lithium battery production facility in Indonesia 22
6.1.14Fe-Ni Mining signs cooperation document with Tianma Group 22
6.1.15Eramet's nickel plant in Indonesia to start in H1 2020.22
6.1.16Russian Norilsk Nickel: global nickel market to see deficit of 28,000t in 2020 22
6.1.17Lundin Mining expects nickel output to rise over 25% YOY in 2020.22
6.1.18Huayou expects to start production from Indonesia nickel, cobalt project in 2 years 23
6.1.19GEM eyes nickel, cobalt output from Indonesia by August 2020.23
6.1.20 Jinchuan confident of filling Indonesia nickel ore void 23
6.1.21Indonesia Jinchuan WP's first shippment of ferronickel departs 23
6.1.22Vale puts New Caledonian nickel plant up for sale 23
6.1.23 Vale aims to boost nickel output by about 70% in coming years 24
6.2 Chinese Market 24
6.2.1Lanzhou Jinchuan starts running newly added NCM precursor production capacity 24
6.2.2Dalian Huarui Heavy Industry: PKEF ferronickel electric furnace put into operation 24
6.2.3GEM starts construction of new energy materials project 24
6.2.4GEM chairman: sales goal is 80,000t in 2019 25
6.2.5GEM's subsidiary secures ternary precursor supply contract 25
6.2.6GME to sell NCM precursor materials to Brunp recycling Technology 25
6.2.7Inner Mongolia Hongtong replaces ferronickel equipment 25
6.2.8Huayou Cobalt to establish nickel cobalt hydroxide project in Indonesia 25
6.2.9Puyang Iron and Steel to build a ferronickel production line in Indonesia 25
6.2.10GME to raise RMB3 billion for power battery projects 25
6.2.11Chengtun Mining to invest in high nickel matte project in Indonesia 26
6.2.12Jinco Nonferrous Metals plans to shut down electroplating grade nickel sulfate production base in Jiangsu.26
6.2.13Tsingshan helps drive record drop in LME nickel inventories 26
6.2.14Fengyuan Chemical's subsidiary to build high nickel ternary materials project 26
6.2.15Tsingshan Group: nickel fetched from LME warehouses to be used to produce stainless steel in China 26
6.2.16TISCO leads the drafting of ISO standard for the first time 27
6.2.17GEM eyes nickel, cobalt output from Indonesia by August 2020 27
6.2.18Jinchuan Group's flash furnaces go into successful operation 27
6.2.19Jinchuan confident of filling Indonesia nickel ore void 27
6.2.20China Moly joins Huayou in Indonesia nickel project 27
6.2.21Hanrui Cobalt to raise no more than 1.9 billion yuan to develop projects 28
6.2.22Jiangxi Miracle Golden Tiger Cobalt puts nickel monoxide into production 28
6.2.23Western Mining announces production and business targets for 2020 28
6.2.24Huayou Cobalt raises RMB1.6 billion to deepen NCM power battery business layout 28
7. Market Outlook for Next Year 28
7.1 Nickel Cathode 28
7.2 Ferronickel 29
7.3 Nickel sulfate 29
7.4 NCM precursor 30
7.5 Lateritic nickel ore 30
