WBMS: Global refined nickel production was 279,400 tons in August 2024

In August, China's nickel ore imports increased by 41.5% month-on-month and ferronickel imports decreased by 42.6% year-on-year

WBMS: Global refined nickel supply is short by 6,800 tons in July 2024

In July 2024, Indonesia's nickel ore imports increased by 71.16% month-on-month

WBMS: Global refined nickel oversupply was 1,500 tons in June 2024

Own sourced nickel production of 44,200 tonnes was 2,200 tonnes (5%) lower than H1 2023; attributable ferrochrome production of 599,000 tonnes was 118,000 tonnes (16%) below H1 2023.

The latest report published by the World Metal Statistics Bureau (WBMS) shows that in May 2024, the global refined nickel production was 281,800 tons, the consumption was 283,500 tons, and the supply shortage was 1,700 tons.

Vale’s Q2 nickel production totaled 27.9 kt, 24% lower y/y, mainly reflecting the planned maintenance strategy at the nickel processing plants.