China International Nickel and Cobalt Industry Annual Meeting Held Today Industry Insiders Says Nickel Will Present Both Supply and Demand
Release time:
2020-11-04
The 2020 China International Nickel and Cobalt Industry Annual Conference, hosted by China Nonferrous Metals Industry Association and hosted by Antaike, was held in Nanjing on November 4. Xu Aidong, executive deputy secretary-general of the Nickel Branch of the China Nonferrous Metals Industry Association and chief engineer of Beijing Antaike Information Co., Ltd., said at the meeting that since the beginning of this year, although there is an epidemic, nickel is still a more popular variety, and changes in the supply and demand side make the nickel market active. In the next few years, the fundamentals of nickel have both supply and demand characteristics. Xu Aidong analyzed that, on the one hand, although domestic nickel production has declined, nickel production in Indonesia and other places is increasing. On the other hand, thanks to the upgrading of Chinese residents' consumption, the increasing demand for stainless steel has boosted the demand for nickel; the upgrading of industrial equipment is also inseparable from the use of nickel; in addition, the new energy vehicle market continues to develop, and high nickel ternary batteries are popular The technical direction is expected to continue to boost nickel demand.
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