Nickel Industry Annual Report 2025
2026-02-25 09:28:11 【Print】
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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 4
2.1.1 China adjusts tariffs on US imports 4
2.1.2 China's production of ten nonferrous metals up 2.8% in Jan-Jul 4
2.1.3 China's nonferrous metals industry sees steady growth in H1 2025 5
2.1.4 Xinjiang promotes 162 mining rights projects 5
2.1.5 China steps up crackdown on strategic mineral smuggling 5
2.1.6 GEM signs battery materials supply agreement with XTC New Energy 5
2.1.7 Guangxi makes major progress in exploration of strategic minerals 5
2.1.8 China-Indonesia Nickel Corridor handles over 90,000t in six months 5
2.2 International Market 6
2.2.1 Indonesia reviews nickel ore mining quota to steady prices 6
2.2.2 Indonesia sets 2025 nickel ore mining quota at around 200 million tonnes 6
2.2.3 Philippine lawmakers to approve bill to ban ore exports 6
2.2.4 Indonesian nickel production capacity to grow significantly by 2027, says official 6
2.2.5 Indonesia issues new rule allowing mineral exports in force majeure cases 6
2.2.6 Indonesia mulls tax hikes on miners due to budgetary pressures 6
2.2.7 Experts say Kazakhstan could play a vital role in the global supply of critical raw materials 6
2.2.8 Hike in Indonesia mining royalties to take effect soon, minister says 6
2.2.9 Nickel production disruption in Indonesia raises supply concerns 7
2.2.10 Peru imposes AD duties on China's base metal standard table cutlery 7
2.2.11 Indonesia plans 2026 domestic metal exchange to increase market control 7
2.2.12 Indonesia revokes nickel mining permits at top diving spot 7
2.2.13 Philippines axes planned ban on nickel ore exports 7
2.2.14 Indonesia plans to punish nickel park for alleged breaches 7
2.2.15 Indonesia plans to cut RKAB approval period to one year 8
2.2.16 Indonesia suspends mining of 25 nickel mines in southeastern Sulawesi 8
2.2.17 In 2025, the global nickel market will have an excess of 209,000 tons 8
2.2.18 Nornickel maintains its 2025 nickel production forecast 8
2.2.19 Pacific Nickel Mine will sell nickel assets in the Solomon Islands 8
2.2.20 Indonesia will adjust nickel supply quotas in 2026 8
2.2.21 South32 Completes Sale Transaction of Nickel Refinery 8
2.2.22 Nickel inventories at the London Metal Exchange and the Shanghai Futures Exchange have reached multi-year highs 8
2.2.23 Indonesia may reduce production to stabilize nickel prices 9
2.2.24 Global refined nickel market has excess supply in Oct 9
3. Market Movements 9
3.1 Chinese Market 9
3.1.1 Nickel cathode 9
3.1.2 Ferronickel 11
3.1.3 Nickel sulfate 12
3.1.4 Lateritic nickel ore 13
4. Company News 16
4.1 Shanghai Greatpower Technology enhances nickel sulfate production 16
4.2 Hubei Xingnie New Materials cuts nickel sulfate output 16
4.3 Shaanxi Jutai New Materials Technology cuts nickel sulfate production 16
4.4 Grand Green Technology raises electrowinning nickel production 16
4.5 Jiangmen Chancsun Umicore Industry cuts nickel sulfate production 16
4.6 Jiangsu Qisheng Metal Technology hikes nickel sulfate output 16
4.7 Shunying Power resumes nickel sulfate production 16
4.8 Guangdong Weima New Material recovers nickel sulfate operation 16
4.9 Yantai Wanhua Chemical Group cuts nickel sulfate production 16
4.10 Huayi Chemical resumes nickel sulfate production 17
4.11 Changjiang Energy nickel sulfate output declines 17
4.12 Xi'en New Materials increases nickel sulfate production 17
4.13 Zhejiang New Era Zhongneng Technology restarts nickel cathode operation 17
4.14 Nantong Beixin New Energy Technology reduces nickel sulfate production 17
4.15 Jilin Yarong Technology restarts nickel sulfate operation 17
4.16 Guangxi Yinyi Advanced Material cuts nickel sulfate output 17
4.17 Ruiqin New Energy Technology cuts nickel sulfate production 17
4.18 Hunan Keyking Recycling Technology hikes nickel sulfate output 17
4.19 Ganzhou Hanrui New Energy Technology raises nickel cathode production 17
4.20 Jinke Nonferrous Metals enhances nickel sulfate production 18
4.21 Shandong Xinhai Technology cuts ferro-nickel production 18
4.22 Guangdong Century Tsingshan Nickel Industry reduces ferro-nickel output 18
4.23 Guangdong Century Tsingshan Nickel Industry reduces ferro-nickel output 18
4.24 Hunan CNGR Holdings Group reduces nickel cathode production 18
4.25 Jingmen GEM New Materials cuts nickel cathode output 18
4.26 Zhejiang Huayou Cobalt decreases nickel cathode output 18
4.27 Tangshan Kaiyuan Industrial cuts ferro-nickel production 18
4.28 GEM to increase NCM precursor production capacity in Indonesia 18
4.29 GEM and ECOPRO push ahead with cathode material project in Indonesia 18
4.30 Nickel Asia in talks to sell processing plant stake to Japan's Sumitomo 19
4.31 First Atlantic Nickel completes acquisition of RPM south claims in Atlantic nickel project 19
4.32 Canada Nickel Company secures C$500,000 funding from Ontario's Critical Minerals Innovation Fund 19
4.33 Anglo American to sell Brazil nickel mines in first half of 2025 19
4.34 Power Nickel to raise $28 million for Quebec polymetallic project 19
4.35 Chinese-backed Indonesian nickel smelter GNI faces risk of shutdown 19
4.36 Uru Metals raises ￡300,000 for nickel mine in South Africa 19
4.37 Global Ferronickel subsidiary commences nickel ore exports to Indonesia 19
4.38 DMCI subsidiary to advance nickel mining project in Palawan 20
4.39 Sulliden Mining acquires 48% stake in Polish nickel-zinc project 20
4.40 Denarius Metals to restart nickel-copper mine in Spain 20
4.41 Indonesia's sovereign fund partners with Chinese firm to invest in nickel project 20
4.42 FPX Nickel receives grant to advance Baptiste nickel project 20
4.43 Vale Base Metals boosts nickel production capacity 20
4.44 Pacific Nickel Mines to divest Solomon Islands nickel assets 20
4.45 Stellantis terminates supply agreement with Australia's Alliance Nickel 21
4.46 Sumitomo Corporation reports growth in refined nickel output for Q3 21
4.47 Global Ferronickel Holdings reports decline in nickel ore sales 21
4.48 Jervois Global plans to restart Brazil nickel-cobalt refinery in January 2026 21
4.49 South32 Completes Sale of Nickel Refinery 21
4.50 Fortune Minerals secures loan for NICO project refinery construction 21
5. Producers Statistics 21
5.1 Chinese nickel cathode producers statistics 21
5.1.1 Chinese nickel cathode producers' capacity up by 41.82% YoY in 2025 21
5.1.2 Chinese nickel cathode producers' average operating rate recorded 70.58% in 2025 22
5.1.3 Chinese nickel cathode producers' output up by 22.03% YoY in 2025 22
5.1.4 Chinese nickel cathode producers' stocks down by 42.75% YoY in 2025 22
5.2 Chinese ferronickel producers statistics 22
5.2.1 Chinese ferronickel producers' capacity down by 9.13% YoY in 2025 22
5.2.2 Chinese ferronickel producers' average operating rate was 39.88% in 2025 22
5.2.3 Chinese ferronickel producers' output down by 8.13% YoY in 2025 23
5.2.4 Chinese ferronickel producers' average stocks down by 24.27% YoY in 2025 23
5.3 Chinese nickel sulfate producers statistics 23
5.3.1 Chinese nickel sulfate producers' production capacity up by 5.20% YoY in 2025 23
5.3.2 Chinese nickel sulfate producers' average operating rate was 45.14% in 2025 23
5.3.3 Chinese nickel sulfate producers' output down by 3.70% YoY in 2025 23
5.3.4 Chinese nickel sulfate producers' inventory up by 16.75% YoY in 2025 23
6. Customs Statistics 24
6.1 China's ferronickel imports up by 24.19% YoY in 2025 24
6.2 China's nickel ore imports up by 10.94% YoY in 2025 24
6.3 China's refined nickel imports up by 113.62% YoY in 2025 24
7. Outlook for supply and demand 24
7.1 Nickel Cathode 25
7.2 Ferronickel 25
7.3 Nickel sulfate 25
7.4 Lateritic nickel ore 25
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 4
2.1.1 China adjusts tariffs on US imports 4
2.1.2 China's production of ten nonferrous metals up 2.8% in Jan-Jul 4
2.1.3 China's nonferrous metals industry sees steady growth in H1 2025 5
2.1.4 Xinjiang promotes 162 mining rights projects 5
2.1.5 China steps up crackdown on strategic mineral smuggling 5
2.1.6 GEM signs battery materials supply agreement with XTC New Energy 5
2.1.7 Guangxi makes major progress in exploration of strategic minerals 5
2.1.8 China-Indonesia Nickel Corridor handles over 90,000t in six months 5
2.2 International Market 6
2.2.1 Indonesia reviews nickel ore mining quota to steady prices 6
2.2.2 Indonesia sets 2025 nickel ore mining quota at around 200 million tonnes 6
2.2.3 Philippine lawmakers to approve bill to ban ore exports 6
2.2.4 Indonesian nickel production capacity to grow significantly by 2027, says official 6
2.2.5 Indonesia issues new rule allowing mineral exports in force majeure cases 6
2.2.6 Indonesia mulls tax hikes on miners due to budgetary pressures 6
2.2.7 Experts say Kazakhstan could play a vital role in the global supply of critical raw materials 6
2.2.8 Hike in Indonesia mining royalties to take effect soon, minister says 6
2.2.9 Nickel production disruption in Indonesia raises supply concerns 7
2.2.10 Peru imposes AD duties on China's base metal standard table cutlery 7
2.2.11 Indonesia plans 2026 domestic metal exchange to increase market control 7
2.2.12 Indonesia revokes nickel mining permits at top diving spot 7
2.2.13 Philippines axes planned ban on nickel ore exports 7
2.2.14 Indonesia plans to punish nickel park for alleged breaches 7
2.2.15 Indonesia plans to cut RKAB approval period to one year 8
2.2.16 Indonesia suspends mining of 25 nickel mines in southeastern Sulawesi 8
2.2.17 In 2025, the global nickel market will have an excess of 209,000 tons 8
2.2.18 Nornickel maintains its 2025 nickel production forecast 8
2.2.19 Pacific Nickel Mine will sell nickel assets in the Solomon Islands 8
2.2.20 Indonesia will adjust nickel supply quotas in 2026 8
2.2.21 South32 Completes Sale Transaction of Nickel Refinery 8
2.2.22 Nickel inventories at the London Metal Exchange and the Shanghai Futures Exchange have reached multi-year highs 8
2.2.23 Indonesia may reduce production to stabilize nickel prices 9
2.2.24 Global refined nickel market has excess supply in Oct 9
3. Market Movements 9
3.1 Chinese Market 9
3.1.1 Nickel cathode 9
3.1.2 Ferronickel 11
3.1.3 Nickel sulfate 12
3.1.4 Lateritic nickel ore 13
4. Company News 16
4.1 Shanghai Greatpower Technology enhances nickel sulfate production 16
4.2 Hubei Xingnie New Materials cuts nickel sulfate output 16
4.3 Shaanxi Jutai New Materials Technology cuts nickel sulfate production 16
4.4 Grand Green Technology raises electrowinning nickel production 16
4.5 Jiangmen Chancsun Umicore Industry cuts nickel sulfate production 16
4.6 Jiangsu Qisheng Metal Technology hikes nickel sulfate output 16
4.7 Shunying Power resumes nickel sulfate production 16
4.8 Guangdong Weima New Material recovers nickel sulfate operation 16
4.9 Yantai Wanhua Chemical Group cuts nickel sulfate production 16
4.10 Huayi Chemical resumes nickel sulfate production 17
4.11 Changjiang Energy nickel sulfate output declines 17
4.12 Xi'en New Materials increases nickel sulfate production 17
4.13 Zhejiang New Era Zhongneng Technology restarts nickel cathode operation 17
4.14 Nantong Beixin New Energy Technology reduces nickel sulfate production 17
4.15 Jilin Yarong Technology restarts nickel sulfate operation 17
4.16 Guangxi Yinyi Advanced Material cuts nickel sulfate output 17
4.17 Ruiqin New Energy Technology cuts nickel sulfate production 17
4.18 Hunan Keyking Recycling Technology hikes nickel sulfate output 17
4.19 Ganzhou Hanrui New Energy Technology raises nickel cathode production 17
4.20 Jinke Nonferrous Metals enhances nickel sulfate production 18
4.21 Shandong Xinhai Technology cuts ferro-nickel production 18
4.22 Guangdong Century Tsingshan Nickel Industry reduces ferro-nickel output 18
4.23 Guangdong Century Tsingshan Nickel Industry reduces ferro-nickel output 18
4.24 Hunan CNGR Holdings Group reduces nickel cathode production 18
4.25 Jingmen GEM New Materials cuts nickel cathode output 18
4.26 Zhejiang Huayou Cobalt decreases nickel cathode output 18
4.27 Tangshan Kaiyuan Industrial cuts ferro-nickel production 18
4.28 GEM to increase NCM precursor production capacity in Indonesia 18
4.29 GEM and ECOPRO push ahead with cathode material project in Indonesia 18
4.30 Nickel Asia in talks to sell processing plant stake to Japan's Sumitomo 19
4.31 First Atlantic Nickel completes acquisition of RPM south claims in Atlantic nickel project 19
4.32 Canada Nickel Company secures C$500,000 funding from Ontario's Critical Minerals Innovation Fund 19
4.33 Anglo American to sell Brazil nickel mines in first half of 2025 19
4.34 Power Nickel to raise $28 million for Quebec polymetallic project 19
4.35 Chinese-backed Indonesian nickel smelter GNI faces risk of shutdown 19
4.36 Uru Metals raises ￡300,000 for nickel mine in South Africa 19
4.37 Global Ferronickel subsidiary commences nickel ore exports to Indonesia 19
4.38 DMCI subsidiary to advance nickel mining project in Palawan 20
4.39 Sulliden Mining acquires 48% stake in Polish nickel-zinc project 20
4.40 Denarius Metals to restart nickel-copper mine in Spain 20
4.41 Indonesia's sovereign fund partners with Chinese firm to invest in nickel project 20
4.42 FPX Nickel receives grant to advance Baptiste nickel project 20
4.43 Vale Base Metals boosts nickel production capacity 20
4.44 Pacific Nickel Mines to divest Solomon Islands nickel assets 20
4.45 Stellantis terminates supply agreement with Australia's Alliance Nickel 21
4.46 Sumitomo Corporation reports growth in refined nickel output for Q3 21
4.47 Global Ferronickel Holdings reports decline in nickel ore sales 21
4.48 Jervois Global plans to restart Brazil nickel-cobalt refinery in January 2026 21
4.49 South32 Completes Sale of Nickel Refinery 21
4.50 Fortune Minerals secures loan for NICO project refinery construction 21
5. Producers Statistics 21
5.1 Chinese nickel cathode producers statistics 21
5.1.1 Chinese nickel cathode producers' capacity up by 41.82% YoY in 2025 21
5.1.2 Chinese nickel cathode producers' average operating rate recorded 70.58% in 2025 22
5.1.3 Chinese nickel cathode producers' output up by 22.03% YoY in 2025 22
5.1.4 Chinese nickel cathode producers' stocks down by 42.75% YoY in 2025 22
5.2 Chinese ferronickel producers statistics 22
5.2.1 Chinese ferronickel producers' capacity down by 9.13% YoY in 2025 22
5.2.2 Chinese ferronickel producers' average operating rate was 39.88% in 2025 22
5.2.3 Chinese ferronickel producers' output down by 8.13% YoY in 2025 23
5.2.4 Chinese ferronickel producers' average stocks down by 24.27% YoY in 2025 23
5.3 Chinese nickel sulfate producers statistics 23
5.3.1 Chinese nickel sulfate producers' production capacity up by 5.20% YoY in 2025 23
5.3.2 Chinese nickel sulfate producers' average operating rate was 45.14% in 2025 23
5.3.3 Chinese nickel sulfate producers' output down by 3.70% YoY in 2025 23
5.3.4 Chinese nickel sulfate producers' inventory up by 16.75% YoY in 2025 23
6. Customs Statistics 24
6.1 China's ferronickel imports up by 24.19% YoY in 2025 24
6.2 China's nickel ore imports up by 10.94% YoY in 2025 24
6.3 China's refined nickel imports up by 113.62% YoY in 2025 24
7. Outlook for supply and demand 24
7.1 Nickel Cathode 25
7.2 Ferronickel 25
7.3 Nickel sulfate 25
7.4 Lateritic nickel ore 25
