VALE EXPECT TO INCREASE NICKEL OUTPUT TO 360000, TO FIT STRONG FUTHUR DEMAND.

According to the news from vale S.A. The leading mining company in the world, it would increase its output of nickel to arount 360000 tons, mainly from the expanded program from the indonesian mine, to fit the growing demand in the futhure.

As vale was currently the largest nickle provider, every step of this gaint might influence the market. The nickle short demand in this frist 9 month were around 67000 tons, compared with 103000 tons in 2018.

The whole year’s nickle demand in 2019 was expected to increase by 53000 tons, especially in china, with a 1% increase to 1.3 million tons, which also represented that the supply gap of 500,000 tons would be relying on imports.