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Reuters reported on new data from China showing nickel output is at a year high of 23,668 tons.
Reuters reported on new data from China showing nickel output is at a year high of 23,668 tons.
As quoted in the market news:
Nickel production surged 33.4 percent from a month ago to hit a year high of 23,688 tonnes in June after output fell 18.4 percent to a 15-month low of 17,761 tonnes in May.
Chinese producers of nickel pig iron, a feedstock for stainless steel mills to replace refined nickel and iron ore, cut production in May as demand from top end-users, stainless steel mills, fell, while nickel prices declined.