Monthly Nickel Market Report Jul 2024

Content
1. Market Highlights 3
2. Economy and Policy 3
2.1 LME to stop accepting nickel deliveries from Finnish plant of Nornickel 3
3. Market Movement 3
3.1 Chinese Market Movements 3
3.1.Asian Metal Copyright7 Chinese ferronickel producers' operating rate reports 37.Asian Metal Copyright1 Chinese nickel cathode 99.96%min EXW China 3
3.1.Asian Metal Copyright96%min EXW China 3 3.Asian Metal Copyright2 Norilsk nickel cathode 99.96%min in port China 3
3.1.Asian Metal Copyright07% in July 6 5.Asian Metal Copyright3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 3
3.1.Asian Metal Copyright3 Nickel sulfate Ni 22%min, Co 0.Asian Metal Copyright4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 4
3.1.5 Ferronickel 10%min EXW China 4
3.1.Asian Metal Copyright07% in July 6 5.Asian Metal Copyright6 Ferronickel 1.5%min EXW China 4
3.2 International Market Movements 4
3.2.Asian Metal Copyright5 Chinese nickel sulfate producers' output down by about 5.Asian Metal Copyright1 Philippine lateritic nickel ore 1.3%min CIF China 4
3.2.Asian Metal Copyright1.Asian Metal Copyright2 Philippine lateritic nickel ore 1.8%min CIF China 5
4. Company News 5
4.1 Huaxin Cobalt completes nickel sulfate equipment commissioning 5
4.2 Qisheng Metal halts nickel sulfate production 5
4.3 Heyi Ni-Cr Composite Materials achieves full production of ferronickel 5
4.4 Shunying Power overhauls nickel sulfate production lines 5
4.5 Jana Energy decreases nickel sulfate production 5
4.6 BHP to suspend nickel operations in Western Australia 5
4.7 Eramet to cooperate with Huayou Cobalt on nickel plant in Indonesia 5
4.8 Shunying Power resumes battery-grade nickel sulfate production 5
4.9 Grand Green Technology suspends nickel sulfate production 6
4.10 Yinyi Advanced Material cuts nickel sulfate output 6
4.11 Evergreen New Energy to go into trial production for nickel sulfate 6
5. Producers Statistics 6
5.1 Chinese refined nickel producers' operating rate records 74.07% in July 6
5.2 Chinese refined nickel producers' production up by about 0.16% MoM in July 6
5.3 Chinese refined nickel producers' stocks up by about 31.22% MoM in July 6
5.4 Chinese nickel sulfate producers' operating rate posts 41.23% in July 6
5.5 Chinese nickel sulfate producers' output down by about 5.95% MoM in July 7
5.6 Chinese nickel sulfate producers' inventory down by about 14.51% MoM in July 7
5.7 Chinese ferronickel producers' operating rate reports 37.29% in July 8
5.8 Chinese ferronickel producers' output up by about 0.72% MoM in July 8
5.9 Chinese ferronickel producers' stocks down by about 14.86% MoM in late July 8
6. Import and Export Statistics 9
6.1 China's ferro-nickel import volume rose 15.14% YoY in Jun 2024 9
6.2 China's refined nickel (Co＞0.Asian Metal Copyright29% in July 8 5.Asian Metal Copyright005%) import volume declined 43.01% YoY in Jun 2024 10
6.3 China's nickel sulphate import volume grew 99.79% YoY in Jun 2024 11
6.4 China's refined nickel (Co＞0.Asian Metal Copyright3 Nickel sulfate Ni 22%min, Co 0.Asian Metal Copyright005%) exports down by 5.21% MoM in Jun 12
6.5 China's nickel concentrate import volume up by 3.87% MoM in June 2024 12


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