Monthly Nickel Market Report Sep 2020

1. Market Highlights 4
2. Economy and Policy 4
2.1 NBS: China's manufacturing PMI reaches 51.0 percent in Aug 4
2.2 Indonesia regulator eases lending rules for EVs 4
3. Market Movements 4
3.1 Chinese Market Movements 4
3.1.1 Chinese nickel cathode price down 4
3.1.2 Nickel sulfate demand stabilize 5
3.1.3 Lateritic nickel ore prices up 5
3.1.4 Ferronickel market transactions decrease 6
3.2 International Market Movements 6
3.2.1 INSG: oversupply of global nickel market narrows to 8,900t in July 2020 6
3.2.3 LME nickel prices fluctuate upward 6
3.2.4 Imported lateritic nickel ore supply tight 7
4. Producers Statistics 7
4.1 China's refined nickel output down by 6.4% MOM in Sep 7
4.2 Chinese nickel sulfate producers' output up by 4.4% YOY in Sep 8
4.3 Chinese ferronickel producers' output down by 33.1% YOY in Sep 9
5. Import and Export Statistics 10
5.1 China's ferronickel imports up by 93.6% YOY in Aug 10
5.2 China's nickel sulfate imports down by 92.5% MOM in Aug 10
5.3 China's refined nickel imports down by 24.3% MOM in Aug 11
6. Review on company news 11
6.1 Eramet: Operations at Indonesia's Weda Bay nickel smelter resume after flood 11
6.2 Boliden announces €40m nickel expansion in Finland 11
6.3 GEM signs nickel raw material and cobalt by-product strategic purchase agreement with HPAL 11
6.4 Eramet's SLN nickel unit asks court to name expert for rescue plan 12
6.5 Pure Minerals to start nickel-cobalt pilot plant in Q4 12
6.6 Jilin Jien produces nickel sulfate at full capacity 12
6.7 Jiangxi Tianqi Jintaige Cobalt cuts nickel sulfate production 12
6.8 Environment watchdog states "depressing" condition of a number of Norilsk Nickel facilities 12
6.9 Chizhou Xi'en New Materials increases nickel sulfate output 12
6.10 Blackstone Minerals commences drilling new nickel targets at Ta Khoa project 13
6.11 Foshan Dali Cheride Auxiliary increases nickel sulfate output 13
6.12 Chengtun Mining puts nickel matte project in Indonesia into formal operation 13
6.13 Shanxi Dakang Group upgrades ferronickel equipment 13
6.14 Yingkou Ningfeng Group puts a new ferronickel production line into commercial production 13
6.15 Tesla in talks to buy low carbon nickel from Canada 13
6.16 Ivanhoe Mines reports fatal accident at Platreef Project 13
6.17 Foshan Dali Cheride Auxiliary increases nickel sulfate output 13
6.18 Chengtun Mining puts nickel matte project in Indonesia into formal operation 14
6.19 Shanxi Dakang Group upgrades ferronickel equipment 14
6.20 BHP expands nickel search with SensOre 14
6.21 Tesla to use 100% nickel batteries in energy-intensity electric vehicles 14
6.22 Jinchuan Group announces production of large thick-walled Cu-Ni alloy tube for vessels 14
7. Market Outlook for Next Month 14
7.1 NCM and power battery market 14
7.2 Stainless steel market 14
8. Market Outlook for Next Month 14
8.1 Chinese brand Nickel cathode 14
8.2 Norislk Nickel Cathode 14
8.3 Battery grade nickel sulfate Ni22%minCo 0.4%max 15
8.4 Battery grade nickel sulfate Ni22%minCo 0.4%max 15
8.5 High grade ferronickel 10%min 15
8.6 Low grade ferronickel 1.5%min 15


.Asian Metal Copyright1 NBS: China's manufacturing PMI reaches 51Asian Metal Copyright