Nickel Industry Annual Report 2019
2021-03-22 19:13:34 【Print】
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1. Nickel Industry Overview 6
1.1 Physical Characteristics of Nickel Metal 6
1.2 Nickel products 6
1.3 Nickel resources and distribution 7
1.4 Nickel application 7
2. Economy and Policy 7
2.1 Chinese Market 7
2.1.1 Ministry of Finance to introduce targeted tax and fee reduction policies to help companies resume production 7
2.1.2 SHFE adjusts futures delivery charges of some products 8
2.1.3 SHFE revises regulation on nickel futures contract and delivery 8
2.1.4 Chinese government publicizes results on second round eco-environmental inspections 8
2.1.5 Ministry of Ecology and Environment: Air pollution control not loosen in autumn and winter 8
2.1.6 MOFCOM and GAC adjust prohibited commodities list in processing trade 8
2.1.7 China adjusts import tariffs on some commodities from Jan 1, 2021 8
2.2 International Market 8
2.2.1 PNIA to establish a working group to draft a roadmap for nickel industry 8
2.2.2 ISSDA seeks nil duty on import of ferronickel and stainless steel scrap 8
2.2.3 Indonesia expects delay to $11 bln nickel projects due to coronavirus outbreak 8
2.2.4 Indonesia issues rules putting floor price on nickel ore 9
2.2.5 Mining ministry director: Indonesia to keep ban on nickel ore exports 9
3. Market Movements 9
3.1 Chinese Market 9
3.1.1 Chinese nickel cathode China EXW 9
3.1.2 Ferronickel10%min and 1.5%min China EXW 10
3.1.3 Nickel sulfate Ni22%min China EXW 12
3.1.4 Lateritic nickel ore 1.5%min and 1.8%min port China 14
3.2 International Market 16
4. Company News 17
4.1 Indonesian PT ANTAM expands ferronickel production 17
4.2 Walsin Lihwa to set nickel pig iron plant in Indonesia 17
4.3 Indonesia's 1st HPAL nickel plant could start commissioning in H2 2020 17
4.4 Pure Minerals acquires Sewa Bay Nickel Project 17
4.5 Chengtun Mining expects to put Indonesian nickel matte project into pilot production in Apr 17
4.6 Main construction of Huayue ni-co hydrometallurgy project begins in Indonesia 17
4.7 Volkswagen to start using high-nickel batteries for electric car 17
4.8 Jirui New Energy's Ni-Co new material refining project established in Ganzhou, Jiangxi 18
4.9 Jinchuan Group's high-end electroplating grade nickel sulfate production line goes into full operation 18
4.10 Nickel Asia halts ore mining, exports due to anti-Covid 19 measures 18
4.11 Glencore weighs options to restart Quebec mines 18
4.12 Vale slashes 2020 output forecasts due to COVID-19 18
4.13 Tsingshan Holding: No.1 electric furnace of Weda Bay Nickel sees first batch of ferronickel 18
4.14 Chengtun Mining: Indonesian nickel project scheduled to go into operation in H1 2020 18
4.15 Tianjin Maolian to resume nickel sulfate production 18
4.16 Guangxi Yinyi plans to produce electroplating grade nickel sulfate 18
4.17 Chengtun Mining cooperates with XTC New Energy on cobalt and nickel business 19
4.18 Zhenshi Holding Group's ferronickel project in Indonesia ignites first electric furnace 19
4.19 Vale to sell 20% stake in PT Vale Indonesia to Inalum 19
4.20 BHP buys nickel project from Norilsk Nickel 19
4.21 Boliden announces €40m nickel expansion in Finland 19
4.22 Blackstone Minerals commences drilling new nickel targets at Ta Khoa project 19
4.23 Tesla to use 100% nickel batteries in energy-intensity electric vehicles 19
4.24 BHP delays nickel sulfate output to middle of next year 19
4.25 Jinchuan Group develops wide, large and heavy pure nickel coils 19
4.26 Tianjin Maolian to start nickel sulfate OEM business 20
4.27 Lygend Mining restarts Indonesia's nickel sulfate project 20
4.28 Fjordland Exploration to acquire Renzy Nickel-Copper Project from QPM 20
5.1 Chinese nickel cathode producers statistics in 2020 20
5.1.1 Chinese nickel cathode producers' annual production capacity down 12.29% YOY in 2020 20
5.1.2 Chinese nickel cathode producers' operating rate down 0.85% YOY in 2020 20
5.1.3 Chinese nickel cathode producers' output up 1.65% YOY in 020 20
5.1.4 Chinese nickel cathode producers' stocks up 24.49% YOY 21
5.2 Chinese ferronickel producers statistics in 2020 21
5.2.1 Chinese ferronickel producers' production capacity down 16.3% YOY in 2020 21
5.2.2 Chinese ferronickel producers' operating rate down 10.14% in 2020 21
5.2.3 Chinese ferronickel producers' output down 30.17% YOY in 2020 22
5.2.4 Chinese ferronickel producers' stocks down 56.23% YOY in 2020 22
5.3 Chinese nickel sulfate producers statistics in 2020 23
5.3.1 Chinese nickel sulfate producers' production capacity down 5.48% YOY in 2020 23
5.3.3 Chinese nickel sulfate producers' output up 1.6% YOY in 2020 24
5.3.4 Chinese nickel sulfate producers' inventory down 34.85% YOY in 2020 24
6. Customs Statistics 24
6.1 China's ferronickel imports up 75.69% YOY in 2020 24
6.2 China's refined nickel imports down 30.30% in 2020 25
7. Outlook for supply and demand 25
7.1 Nickel Cathode 99.96%min China EXW 25
7.2 Ferronickel10%min and 1.5%min China EXW 26
7.3 Nickel sulfate 22%min China EXW 26
7.4 Lateritic nickel ore 1.5%min and 1.8%min Chinese port 26
1.1 Physical Characteristics of Nickel Metal 6
1.2 Nickel products 6
1.3 Nickel resources and distribution 7
1.4 Nickel application 7
2. Economy and Policy 7
2.1 Chinese Market 7
2.1.1 Ministry of Finance to introduce targeted tax and fee reduction policies to help companies resume production 7
2.1.2 SHFE adjusts futures delivery charges of some products 8
2.1.3 SHFE revises regulation on nickel futures contract and delivery 8
2.1.4 Chinese government publicizes results on second round eco-environmental inspections 8
2.1.5 Ministry of Ecology and Environment: Air pollution control not loosen in autumn and winter 8
2.1.6 MOFCOM and GAC adjust prohibited commodities list in processing trade 8
2.1.7 China adjusts import tariffs on some commodities from Jan 1, 2021 8
2.2 International Market 8
2.2.1 PNIA to establish a working group to draft a roadmap for nickel industry 8
2.2.2 ISSDA seeks nil duty on import of ferronickel and stainless steel scrap 8
2.2.3 Indonesia expects delay to $11 bln nickel projects due to coronavirus outbreak 8
2.2.4 Indonesia issues rules putting floor price on nickel ore 9
2.2.5 Mining ministry director: Indonesia to keep ban on nickel ore exports 9
3. Market Movements 9
3.1 Chinese Market 9
3.1.1 Chinese nickel cathode China EXW 9
3.1.2 Ferronickel10%min and 1.5%min China EXW 10
3.1.3 Nickel sulfate Ni22%min China EXW 12
3.1.4 Lateritic nickel ore 1.5%min and 1.8%min port China 14
3.2 International Market 16
4. Company News 17
4.1 Indonesian PT ANTAM expands ferronickel production 17
4.2 Walsin Lihwa to set nickel pig iron plant in Indonesia 17
4.3 Indonesia's 1st HPAL nickel plant could start commissioning in H2 2020 17
4.4 Pure Minerals acquires Sewa Bay Nickel Project 17
4.5 Chengtun Mining expects to put Indonesian nickel matte project into pilot production in Apr 17
4.6 Main construction of Huayue ni-co hydrometallurgy project begins in Indonesia 17
4.7 Volkswagen to start using high-nickel batteries for electric car 17
4.8 Jirui New Energy's Ni-Co new material refining project established in Ganzhou, Jiangxi 18
4.9 Jinchuan Group's high-end electroplating grade nickel sulfate production line goes into full operation 18
4.10 Nickel Asia halts ore mining, exports due to anti-Covid 19 measures 18
4.11 Glencore weighs options to restart Quebec mines 18
4.12 Vale slashes 2020 output forecasts due to COVID-19 18
4.13 Tsingshan Holding: No.1 electric furnace of Weda Bay Nickel sees first batch of ferronickel 18
4.14 Chengtun Mining: Indonesian nickel project scheduled to go into operation in H1 2020 18
4.15 Tianjin Maolian to resume nickel sulfate production 18
4.16 Guangxi Yinyi plans to produce electroplating grade nickel sulfate 18
4.17 Chengtun Mining cooperates with XTC New Energy on cobalt and nickel business 19
4.18 Zhenshi Holding Group's ferronickel project in Indonesia ignites first electric furnace 19
4.19 Vale to sell 20% stake in PT Vale Indonesia to Inalum 19
4.20 BHP buys nickel project from Norilsk Nickel 19
4.21 Boliden announces €40m nickel expansion in Finland 19
4.22 Blackstone Minerals commences drilling new nickel targets at Ta Khoa project 19
4.23 Tesla to use 100% nickel batteries in energy-intensity electric vehicles 19
4.24 BHP delays nickel sulfate output to middle of next year 19
4.25 Jinchuan Group develops wide, large and heavy pure nickel coils 19
4.26 Tianjin Maolian to start nickel sulfate OEM business 20
4.27 Lygend Mining restarts Indonesia's nickel sulfate project 20
4.28 Fjordland Exploration to acquire Renzy Nickel-Copper Project from QPM 20
5.1 Chinese nickel cathode producers statistics in 2020 20
5.1.1 Chinese nickel cathode producers' annual production capacity down 12.29% YOY in 2020 20
5.1.2 Chinese nickel cathode producers' operating rate down 0.85% YOY in 2020 20
5.1.3 Chinese nickel cathode producers' output up 1.65% YOY in 020 20
5.1.4 Chinese nickel cathode producers' stocks up 24.49% YOY 21
5.2 Chinese ferronickel producers statistics in 2020 21
5.2.1 Chinese ferronickel producers' production capacity down 16.3% YOY in 2020 21
5.2.2 Chinese ferronickel producers' operating rate down 10.14% in 2020 21
5.2.3 Chinese ferronickel producers' output down 30.17% YOY in 2020 22
5.2.4 Chinese ferronickel producers' stocks down 56.23% YOY in 2020 22
5.3 Chinese nickel sulfate producers statistics in 2020 23
5.3.1 Chinese nickel sulfate producers' production capacity down 5.48% YOY in 2020 23
5.3.3 Chinese nickel sulfate producers' output up 1.6% YOY in 2020 24
5.3.4 Chinese nickel sulfate producers' inventory down 34.85% YOY in 2020 24
6. Customs Statistics 24
6.1 China's ferronickel imports up 75.69% YOY in 2020 24
6.2 China's refined nickel imports down 30.30% in 2020 25
7. Outlook for supply and demand 25
7.1 Nickel Cathode 99.96%min China EXW 25
7.2 Ferronickel10%min and 1.5%min China EXW 26
7.3 Nickel sulfate 22%min China EXW 26
7.4 Lateritic nickel ore 1.5%min and 1.8%min Chinese port 26
