#Nickel merry-go-round: #Indonesia #Ferronickel replacing #Philippine ore
#China’s imports of #Ferronickel from #Indonesia were 74,493 tonnes in July, more than five times taken in the same month a year earlier.
Likewise, year-to-date imports from #Indonesia have surged more than four-fold to 390,706 tonnes, giving the nation a 70 percent share of #Chinese imports of ferronickel.
This surge in imports of ferronickel is significant as it shows that the way China gets its nickel is changing.
This is more than double the amount of #Nickel ore exported to China from the #Philippines, providing proof that China isn’t importing less nickel, but is changing the form in which it imports the metal.
Read more at: http://www.reuters.com/article/us-column-russell-nickel-china-idUSKCN1100PL
