Global #nickel output to fall 7.4% this year

October 16, 2020 / m.miningweekly.com / Article Link

Global nickel production is expected to decline by 7.4% to 2.19-million in 2020, data and analytics company GlobalData says, citing the temporary suspension of mines caused by the Covid-19 pandemic and the advancement of Indonesia's export ban.Indonesia's mine production is expected to fall to 680 000 t in 2020 - down by 15%, compared with 800 000 t in 2019, owing to the advancement of the exports ban from 2022 to 2020."Indonesian nickel mining companies without integrated nickel pig iron operations have been facing difficulties in selling output to domestic smelters at low prices alongside inadequate capacity. Therefore, domestic miners have been either halting or curbing their output in the first three quarters of the year and this is expected to continue over the rest of 2020," says GlobalData senior mining analyst Vinneth Bajaj.Read full news

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