Manganese Marekt Snapshot on February 28

China’s net imports of refined nickel fell to a near-decade low in 2023, capturing the tectonic shifts playing out in the global production chain.

Fastmarkets’ weekly calculation of its chrome ore South Africa UG2/MG concentrates index, cif China was $283 per tonne on Tuesday, up from $281 per tonne on January 9. The index had held at $281 since December 19, 2023.

Research firm BMI has revised downward its nickel price forecast for this year to $20 000/t from $20 600/t as the market remains in a supply glut.

Nickel prices reached their lowest point in over two and a half years on Thursday due to persistent worries about oversupply putting pressure on the market.

Prices of nickel ore in top global producer Indonesia have surged about 10% in recent weeks, say local buyers, after an investigation into mining quotas disrupted production of the metal used in stainless steel and batteries.

Noble Alloys Market Weekly（07 Aug-11 Aug）Vanadium Market Price Kept Stability, Moly Mine High Offer Released and Ferromoly Price Increasing Sharply, Tungsten Long Market Price Kept Iecreasing Slightly

Noble Alloys Market Weekly（07 Aug-11 Aug）Vanadium Market Price Kept Stability, Moly Mine High Offer Released and Ferromoly Price Increasing Sharply, Tungsten Long Market Price Kept Iecreasing Slightly