According to the latest data released by the Brazilian Institute of Non ferrous Metals, in August this year Brazil's nickel production recorded its highest monthly volume so far this year at 6,473 MT rising by 12.09% compared to July and up 26.7% compared to the same month of the previous year.

In the first 7 months of the year, the country's nickel production rose by 2.16% YoY to 45,090 MT. In August this year. Brazil exported 4,240 MT of nickel, indicating a MOM increase of 11.6% and up 14.6% YoY. In the January to August period of this year. Brazil's nickel exports rose 4.09 percent compared to the first eight months of 2012 totaling 31.564 MT.

Meanwhile, in August this year apparent nickel consumption in the Brazilian domestic market including imports amounted to 1.566 MT. while it reached 12.516 MT in the first 8 months of the year.