China nickel sulfate production up 0.13% MoM in February

2025.03.12
China's nickel sulfate production stood at 170,700 tonnes in February, or 37,600 tonnes in Ni. content, up 0.13% month on month (MoM) according to Mysteel survey. The production comprised 0% nickel briquette/powder, 75.39% MHP, 16.11% high-grade nickel matte, and 8.5% secondary nickel by raw material.
0
In February, nickel sulfate margins were thin, and production was generally low after companies resumed operations. Demand for ternary precursors saw little change, with most production growth coming from the nickel plate sector.
 
It is expected that China's nickel sulfate production will rise 4.5% MoM at 39,200 tonnes in March, and around 16,600 tonnes of nickel sulfate will be used to produce nickel plates. The temporary suspension of cobalt ore exports from the DRC may drive increased MHP purchases, pushing up MHP pricing coefficients. Combined with rising nickel prices, nickel sulfate production costs are expected to rise further.