Nickel Output At 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.

Click here to read the full Reuters report.