Nickel shortage: China’s largest nickel producer cuts production

Nickel shortage: China’s largest nickel producer cuts production

From steelnews.biz

Due to the ongoing nickel ore shortage in Indonesia, China’s largest producer is cutting its ferronickel production. And how is the global raw material situation for stainless steel developing and what impact will this have on the fourth quarter of 2024? China’s largest nickel producer Tsingshan has reduced production in Indonesia due to a continuing ore shortage caused by delays in the approval of mining quotas. The shortage caused by slow licensing has increased production costs, forcing Indonesian smelters to import ore from the Philippines, the second largest nickel producer. Within a year, the volume of ... (full story)

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