At the beginning of the year, with about 25 million tonnes of Indonesian nickel expected to flow into the country in 2018, the market remained mired in fears of a large surplus of supply this year.But in the second half of the year, higher nickel prices showed that the supply of nickel was not as high as expected during the year.
http://www.chtitanium.com/Nickel
Cif price trend of high nickel ores the supply of nickel ores did not increase as scheduled, mainly for three reasons:
1. Indonesia's mines, which have received quotas, have not shipped as quickly as expected, with blackspace,integra,modern,genba four mines having a total quota of 6.25 million wet tons, or 19 per cent of the total quota of 32.38 million wet tons, but only 220000 wet tons.
2. Indonesia's new quota examination and approval become more difficult.Since March 2018, no new quota has been approved. According to smm, mining companies currently applying for quotas must not only have the corresponding smelter capacity, but also have corresponding nickel reserves in the mines they are applying for.
3. The inflow of medium and high nickel ores in Indonesia squeezed out the demand for medium taste nickel ore below ni1.5% in the Philippines, resulting in a significant reduction in the volume of nickel ore in the Philippines during the year.
In addition, the Philippines and Indonesia are tightening their policies.In the Philippines, the Department of Environment and Energy recently issued two nickel mine environmental policies:
1. Mining new areas requires a year of early reporting and compliance in order to be able to do so.
2. The mining area is determined according to the mining capacity of each mine, and vegetation restoration is needed in areas beyond its mining area.
According to the smm survey, there is compliance in the production mines and has always been the tradition of vegetation restoration. Therefore, the policy has no obvious effect on the present mine, but it limits the increment of nickel supply in the future.
http://www.chtitanium.com/Nickel
