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09
2024
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12
The impact of nickel sulfate production contraction in China on the market
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In recent years, with the global pursuit of electric vehicles and renewable energy, the demand for nickel has risen significantly. Especially in China, as one of the world's largest nickel consumers, its nickel sulfate production has become the focus of market attention. In November 2024, the physical production of nickel sulfate in China was 173,400 tons, of which the production of metal nickel was 38,100 tons, but it fell by 3.04% from the previous month. This change not only affects the domestic market, but also may greatly affect the global price volatility of nickel. So, what causes the decline in nickel sulfate production in China? 1. Tighter environmental policy 2. Rising cost market 3. Fluctuating demand. The decline in the production of nickel sulfate is likely to lead to resource constraints in the domestic market, which in turn will push up the price of battery manufacturing. The scarcity of raw materials will force battery manufacturers to find other sources of nickel or try to use alternative materials, which may affect the overall technology route choice. If China's nickel sulfate production continues to decline, the global nickel market will be affected by it and there will be no small fluctuations. For example, other nickel-producing countries could take the opportunity to raise prices, causing a global imbalance between supply and demand. When many enterprises reduce production due to resource shortage, the market price of nickel sulfate will also rise. Combining the above factors, we can optimistically predict that in the next few months, the market price of nickel sulfate will tend to rise, and may trigger a wave of prices in the short term. This increase may attract more investors to look at this area for potential investment opportunities.
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