Monthly Nickel Market Report Jun 2022

Content
1. Market Highlights 3
2. Economy and Policy 3
2.1 Shanxi carries out provincial-level supervision and patrol on work safety 3
2.2 WBMS: Global nickel market has deficit of 51.7kt in Jan-Apr 2022 3
3. Market Movement 3
3.1 Chinese Market Movements 3
3.1.Asian Metal Copyright7 Ferronickel 10%min EXW China 4 3.Asian Metal Copyright1 Chinese nickel cathode 99.96%min EXW China 3
3.1.Asian Metal Copyright Import and Export Statistics 9 6.Asian Metal Copyright2 Norilsk nickel cathode 99.96%min in port China 3
3.1.Asian Metal Copyright1 Chinese refined nickel producers' operating rate up by 49.Asian Metal Copyright3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 3
3.1.Asian Metal Copyright96%min EXW China 3 3.Asian Metal Copyright4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 3
3.1.Asian Metal Copyright1 Nickel cathode 99.Asian Metal Copyright5 Philippine lateritic nickel ore 1.5%min prices in port China 4
3.1.Asian Metal Copyright1.Asian Metal Copyright6 Philippine lateritic nickel ore 1.8%min in port China 4
3.1.7 Ferronickel 10%min EXW China 4
3.1.Asian Metal Copyright13 Hunan Brunp Recycling increases nickel sulfate production 6 4.Asian Metal Copyright8 Ferronickel 1.5%min EXW China 4
3.2 International Market Movements 4
3.2.Asian Metal Copyright5 Chinese nickel sulfate producers' output up by 1.Asian Metal Copyright1 Philippine lateritic nickel ore 1.5%min CIF China 4
3.2.Asian Metal Copyright96%min EXW China 10 8.Asian Metal Copyright2 Philippine lateritic nickel ore 1.8%min CIF China 5
4. Company News 5
4.1 Zhengxing Nonferrous Metal to increase nickel sulfate production 5
4.2 GEM to increase nickel sulfate consumption 5
4.3 ANTAM expects higher ferronickel, nickel ore production and sales in 2022 5
4.4 GEM's Indonesian nickel resource project to start trial production in July 5
4.5 Vale advances nickel sulphate project in Canada 5
4.6 Shengyun Industrial to increase ferronickel production 5
4.7 Jutai New Material to increase nickel sulfate production 5
4.8 Dowstone Technology to set up joint venture company in Indonesia to build 20,000tpy nickel matte project 5
4.9 Fengpeng Environmental Technology to formally produce nickel sulfate 6
4.10 Narada Huabo New Material to put nickel sulfate into production 6
4.11 Huayi Chemical suspends nickel sulfate production 6
4.12 Huale Alloy increases ferronickel production 6
4.13 Hunan Brunp Recycling increases nickel sulfate production 6
4.14 Beixin New Energy's nickel sulfate production up 6
5. Producers Statistics 6
5.1 Chinese refined nickel producers' operating rate up by 49.24% YOY in June 6
5.2 Chinese refined nickel producers' production up by 2.22% MOM in June 6
5.3 Chinese refined nickel producers' stocks down by 9.62% YOY in June 6
5.4 Chinese nickel sulfate producers' operation rate up by 1.85% MOM in June 7
5.5 Chinese nickel sulfate producers' output up by 1.85% MOM in June 7
5.6 Chinese nickel sulfate producers' inventory up by 24.29% MOM in June 7
5.7 Chinese ferronickel producers' operating rate up by 4.97% MOM in June 8
5.8 Chinese ferronickel producers' output up by 6.58% MOM in June 8
5.9 Chinese ferronickel producers' stocks up by 16.67% MOM in June 9
6. Import and Export Statistics 9
6.1 China's refined nickel (Co＞0.Asian Metal Copyright97% MOM in June 8 5.Asian Metal Copyright005%) import volume decreased 62.40% YoY in May 2022 9
6.2 China's refined nickel (Co＞0.Asian Metal Copyright5%min CIF China 4 3.Asian Metal Copyright005%) export volume rose 242.49% YoY in May 2022 10
7. Relevant Industry Movements 10
7.1 NCM and power battery market 10
7.2 Stainless steel market 10
8. Market Outlook for Next Month 10
8.1 Nickel cathode 99.96%min EXW China 10
8.2 Norilsk nickel cathode 99.96%min in port China 10
8.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 10
8.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 10
8.5 Ferronickel 10%min EXW China 10
8.6 Ferronickel 1.5%min EXW China 11
8.7 Philippine lateritic nickel ore 1.5%min in port China 11
8.8 Philippine lateritic nickel ore 1.8%min in port China 11
8.9 Philippine lateritic nickel ore 1.5%min CIF China 11
8.10 Philippine lateritic nickel ore 1.8%min CIF China 11


.Asian Metal Copyright7 Ferronickel 10%min EXW China 4 3Asian Metal Copyright