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According to SMM data, China's nickel sulphate production in December 2024 is expected to be approximately 28,500 mt in metal content and 129,500 mt in physical volume, down about 7.51% MoM but down about 5.28% YoY.
Demand side, top-tier precursor enterprises are the main drivers of the increase in precursor production demand in December. Supply side, due to losses at salt plants, some nickel sulphate manufacturers reduced production or suspended operations for maintenance, leading to limited salt availability in the market. Looking ahead, due to the Chinese New Year break, weakening precursor demand, and expectations for production cuts caused by losses at salt plants, China's nickel sulphate production in January 2025 is expected to decrease to 26,800 mt in metal content and 121,600 mt in physical volume, down about 6.04% MoM and down about 24.04% YoY.
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