Nickel Industry Annual Report 2022
2023-03-21 18:11:00 【Print】
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Content
1. Definition, classification, distribution and application 4
1.1 Definition 4
1.2 Classification 4
1.3 Distribution 4
1.4 Application 4
2. Economy and Policy 4
2.1 Chinese Market 5
2.1.1 MOF: Over RMB1 trillion deducted from due taxes and fees in 2021 5
2.1.2 Customs Tariff Commission of State Council issues 5
2.1.3 Eight departments in China issue notice on accelerating comprehensive utilization of industrial resources 5
2.1.4 MEE: China to create 100 "waste-free cities" 5
2.1.5 MOF: China to implement larger tax and fee cuts for small businesses 5
2.1.6 Ningxia to eliminate semi-closed ferronickel, ferrochrome, ferromanganese electric furnaces and other backward capacity 5
2.1.7 NEA: To boost reduction and restriction of coal consumption in steel, nonferrous-metal, building material and other industries 5
2.1.8 NEA: To boost reduction and restriction of coal consumption in steel, nonferrous-metal, building material and other industries 5
2.1.9 China's nonferrous industry carbon emission to peak by 2030 6
2.1.10 China's central bank to cut RRR by 0.25 percentage points 6
2.1.11 China to adjust import & export tariffs on some goods from Jan 1 6
2.2 International Market 6
2.2.1 INSG: Global nickel market has deficit of 3,000 tons in Nov 2021 6
2.2.2 WBMS: Global nickel market has deficit of 51.7kt in Jan-Apr 2022 6
2.2.3 Indonesia to issue nickel export tax rules in Q3 6
3. Market Movements 6
3.1 Chinese Market 6
3.1.1 Nickel cathode 6
3.1.2 Ferronickel 8
3.1.3 Nickel sulfate 10
3.1.4 Lateritic nickel ore 12
3.2 International Market 14
3.2.1 Lateritic nickel ore 14
4. Company News 15
4.1 Weiming Environment to invest no more than RMB1.739 billion in building nickel matte project in Indonesia 15
4.2 Canada Nickel announces drill results from Deloro nickel property 15
4.3 Nickel Mines signs MoU for 200MWp solar project 15
4.4 Transasia Minerals plans to develop nickel processing facility in Indonesia by 2024 16
4.5 Britishvolt inks agreement to develop high-nickel EV batteries 16
4.6 Huayou Cobalt: Joint venture company to invest USD2.08 billion in building laterite nickel ore hydro-smelting project 16
4.7 GEM establishes multi-channel nickel resource supply guarantee system 16
4.8 Indonesia's Antam advances ferronickel capacity expansion 16
4.9 Azure Minerals reports mineral resource estimate of 1.3Mt at Ridgeline Ni-Cu-Co deposit 16
4.10 Karora Resources announces high grade nickel drill results at Beta Hunt Mine 16
4.11 Ningbo Changjiang to increase nickel sulfate output 16
4.12 POSCO nickel matt refining project commences construction 16
4.13 Dowstone's subsidiary to build 100ktpy NCM precursor project 17
4.14 Western Mining: Xinjiang Ruilun to produce Cu-Ni ore in Apr 17
4.15 Altus Strategies sells nickel/cobalt licence to Firering Strategic Minerals 17
4.16 Volkswagen (China) reaches strategic cooperation intention with Huayou Cobalt and Tsingshan Group 17
4.17 Jinchuan Group starts building improvement project of 100,000tpy nickel sulfate solution used in power batteries 17
4.18 GEM signs long-term supply agreement for high-nickel precursor with Korean enterprise 17
4.19 Hunan Zhongwei launches commercial production of High Grade Nickel Matte 17
4.20 Taishan Steel's Indonesia nickel power project connected to grid 17
4.21 Huayou holds commissioning ceremony for 50,000tpy nickel matte project 17
4.22 Vale signs long-term contract to supply Tesla with low-carbon nickel 17
4.23 LG Energy Solution breaks ground on nickel processing plants in Indonesia 18
4.24 Brazilian Nickel commences production at Piaui nickel-cobalt laterite project 18
4.25 MCC Ruimu New Energy restarts drilling program of nickel-cobalt project 18
4.26 Hanrui Cobalt to build 60,000-metal-ton nickel high-pressure leaching project in Indonesia Huabao Industrial Park 18
4.27 Shaanxi Jutai's 200ktpy new energy battery cathode raw material project settles in Zhejiang Zhoushan 18
4.28 CNGR's first nickel matte production line in Indonesia goes into production 18
4.29 Ronbay Technology and Ningbo Lygen Resources sign long-term purchase agreement on nickel and cobalt 18
4.30 XTC New Energy to co-invest with CNMC International Trading in 60,000tpy cathode material precursor project 18
4.31 SK On plans to cooperate with GEM and EcoPro to build a nickel plant with annual output of 30,000 metal tons in Indonesia 19
4.32 Chengtun Mining to acquire 100% equity of Zhonghe Nickel for RMB191 million 19
4.33 Canada Nickel acquires high-grade Texmont nickel mine 19
5. Producers Statistics 19
5.1 Chinese nickel cathode producers statistics in 2022 19
5.1.1 Chinese nickel cathode producers' number stays flat YOY in 2022 19
5.1.2 Chinese nickel cathode producers' capacity up by 22.77% YOY in 2022 19
5.1.3 Chinese nickel cathode producers' operating rate down by 19.46% YOY in 2022 19
5.1.4 Chinese nickel cathode producers' output up by 11.2% YOY in 2022 20
5.1.5 Chinese nickel cathode producers' stocks down by 51.16% YOY in 2022 20
5.2 Chinese ferronickel producers statistics in 2022 20
5.2.1 Chinese ferronickel producers' number down by 9.1% YOY in 2022 20
5.2.2 Chinese ferronickel producers' capacity down by 10.72% YOY in 2022 20
5.2.3 Chinese ferronickel producers' operating rate up by 2.66% YOY in 2022 21
5.2.4 Chinese ferronickel producers' output down by 11.59% YOY in 2022 21
5.2.5 Chinese ferronickel producers' stocks down by 14.24% YOY in 2022 21
5.3 Chinese nickel sulfate producers statistics in 2022 22
5.3.1 Chinese nickel sulfate producers' number up by 6.1% YOY in 2022 22
5.3.2 Chinese nickel sulfate producers' production capacity up by 1.67% YOY in 2022 22
5.3.3 Chinese nickel sulfate producers' operating rate up by 4% in 2022 23
5.3.4 Chinese nickel sulfate producers' output up by 29.14% YOY in 2022 23
5.3.5 Chinese nickel sulfate producers' inventory up by 77% YOY in 2022 23
6. Customs Statistics 24
6.1 China's ferronickel imports up 58.66% YOY in 2022 24
6.2 China's nickel ore imports remain stable in 2022 24
6.3 China's refined nickel imports up by 18.23% YOY in 2022 24
7. Outlook for supply and demand 25
7.1 Nickel Cathode 25
7.2 Ferronickel 25
7.3 Nickel sulfate 25
7.4 Lateritic nickel ore 25
1. Definition, classification, distribution and application 4
1.1 Definition 4
1.2 Classification 4
1.3 Distribution 4
1.4 Application 4
2. Economy and Policy 4
2.1 Chinese Market 5
2.1.1 MOF: Over RMB1 trillion deducted from due taxes and fees in 2021 5
2.1.2 Customs Tariff Commission of State Council issues 5
2.1.3 Eight departments in China issue notice on accelerating comprehensive utilization of industrial resources 5
2.1.4 MEE: China to create 100 "waste-free cities" 5
2.1.5 MOF: China to implement larger tax and fee cuts for small businesses 5
2.1.6 Ningxia to eliminate semi-closed ferronickel, ferrochrome, ferromanganese electric furnaces and other backward capacity 5
2.1.7 NEA: To boost reduction and restriction of coal consumption in steel, nonferrous-metal, building material and other industries 5
2.1.8 NEA: To boost reduction and restriction of coal consumption in steel, nonferrous-metal, building material and other industries 5
2.1.9 China's nonferrous industry carbon emission to peak by 2030 6
2.1.10 China's central bank to cut RRR by 0.25 percentage points 6
2.1.11 China to adjust import & export tariffs on some goods from Jan 1 6
2.2 International Market 6
2.2.1 INSG: Global nickel market has deficit of 3,000 tons in Nov 2021 6
2.2.2 WBMS: Global nickel market has deficit of 51.7kt in Jan-Apr 2022 6
2.2.3 Indonesia to issue nickel export tax rules in Q3 6
3. Market Movements 6
3.1 Chinese Market 6
3.1.1 Nickel cathode 6
3.1.2 Ferronickel 8
3.1.3 Nickel sulfate 10
3.1.4 Lateritic nickel ore 12
3.2 International Market 14
3.2.1 Lateritic nickel ore 14
4. Company News 15
4.1 Weiming Environment to invest no more than RMB1.739 billion in building nickel matte project in Indonesia 15
4.2 Canada Nickel announces drill results from Deloro nickel property 15
4.3 Nickel Mines signs MoU for 200MWp solar project 15
4.4 Transasia Minerals plans to develop nickel processing facility in Indonesia by 2024 16
4.5 Britishvolt inks agreement to develop high-nickel EV batteries 16
4.6 Huayou Cobalt: Joint venture company to invest USD2.08 billion in building laterite nickel ore hydro-smelting project 16
4.7 GEM establishes multi-channel nickel resource supply guarantee system 16
4.8 Indonesia's Antam advances ferronickel capacity expansion 16
4.9 Azure Minerals reports mineral resource estimate of 1.3Mt at Ridgeline Ni-Cu-Co deposit 16
4.10 Karora Resources announces high grade nickel drill results at Beta Hunt Mine 16
4.11 Ningbo Changjiang to increase nickel sulfate output 16
4.12 POSCO nickel matt refining project commences construction 16
4.13 Dowstone's subsidiary to build 100ktpy NCM precursor project 17
4.14 Western Mining: Xinjiang Ruilun to produce Cu-Ni ore in Apr 17
4.15 Altus Strategies sells nickel/cobalt licence to Firering Strategic Minerals 17
4.16 Volkswagen (China) reaches strategic cooperation intention with Huayou Cobalt and Tsingshan Group 17
4.17 Jinchuan Group starts building improvement project of 100,000tpy nickel sulfate solution used in power batteries 17
4.18 GEM signs long-term supply agreement for high-nickel precursor with Korean enterprise 17
4.19 Hunan Zhongwei launches commercial production of High Grade Nickel Matte 17
4.20 Taishan Steel's Indonesia nickel power project connected to grid 17
4.21 Huayou holds commissioning ceremony for 50,000tpy nickel matte project 17
4.22 Vale signs long-term contract to supply Tesla with low-carbon nickel 17
4.23 LG Energy Solution breaks ground on nickel processing plants in Indonesia 18
4.24 Brazilian Nickel commences production at Piaui nickel-cobalt laterite project 18
4.25 MCC Ruimu New Energy restarts drilling program of nickel-cobalt project 18
4.26 Hanrui Cobalt to build 60,000-metal-ton nickel high-pressure leaching project in Indonesia Huabao Industrial Park 18
4.27 Shaanxi Jutai's 200ktpy new energy battery cathode raw material project settles in Zhejiang Zhoushan 18
4.28 CNGR's first nickel matte production line in Indonesia goes into production 18
4.29 Ronbay Technology and Ningbo Lygen Resources sign long-term purchase agreement on nickel and cobalt 18
4.30 XTC New Energy to co-invest with CNMC International Trading in 60,000tpy cathode material precursor project 18
4.31 SK On plans to cooperate with GEM and EcoPro to build a nickel plant with annual output of 30,000 metal tons in Indonesia 19
4.32 Chengtun Mining to acquire 100% equity of Zhonghe Nickel for RMB191 million 19
4.33 Canada Nickel acquires high-grade Texmont nickel mine 19
5. Producers Statistics 19
5.1 Chinese nickel cathode producers statistics in 2022 19
5.1.1 Chinese nickel cathode producers' number stays flat YOY in 2022 19
5.1.2 Chinese nickel cathode producers' capacity up by 22.77% YOY in 2022 19
5.1.3 Chinese nickel cathode producers' operating rate down by 19.46% YOY in 2022 19
5.1.4 Chinese nickel cathode producers' output up by 11.2% YOY in 2022 20
5.1.5 Chinese nickel cathode producers' stocks down by 51.16% YOY in 2022 20
5.2 Chinese ferronickel producers statistics in 2022 20
5.2.1 Chinese ferronickel producers' number down by 9.1% YOY in 2022 20
5.2.2 Chinese ferronickel producers' capacity down by 10.72% YOY in 2022 20
5.2.3 Chinese ferronickel producers' operating rate up by 2.66% YOY in 2022 21
5.2.4 Chinese ferronickel producers' output down by 11.59% YOY in 2022 21
5.2.5 Chinese ferronickel producers' stocks down by 14.24% YOY in 2022 21
5.3 Chinese nickel sulfate producers statistics in 2022 22
5.3.1 Chinese nickel sulfate producers' number up by 6.1% YOY in 2022 22
5.3.2 Chinese nickel sulfate producers' production capacity up by 1.67% YOY in 2022 22
5.3.3 Chinese nickel sulfate producers' operating rate up by 4% in 2022 23
5.3.4 Chinese nickel sulfate producers' output up by 29.14% YOY in 2022 23
5.3.5 Chinese nickel sulfate producers' inventory up by 77% YOY in 2022 23
6. Customs Statistics 24
6.1 China's ferronickel imports up 58.66% YOY in 2022 24
6.2 China's nickel ore imports remain stable in 2022 24
6.3 China's refined nickel imports up by 18.23% YOY in 2022 24
7. Outlook for supply and demand 25
7.1 Nickel Cathode 25
7.2 Ferronickel 25
7.3 Nickel sulfate 25
7.4 Lateritic nickel ore 25
