2010 Chinese steel production reached 3,000,000 tons, needsNickel 12 to 14 tons.
As theChinese government support stainless steel and batteries and other newmaterials industries, the development prospects of Chinese nickel and cobaltindustry is very widely.47 million tons, while the nickel stainless steel production reached450,000 tons so that this industrys nickel consumption grew by 7. China has long been lacking of cobaltresources, the state had also taken a very encouraging attitude on cobaltimporting, so the Chinese traders and some large users already with manyinternational companies to establish a long-term supply channels, plus a fewyears ago, the international price of cobalt was higher, stimulating many Chinesemetal powder suppliers to produce cobalt salts and cobalt powder, so from this perspective,China’s cobalt supply is very abundant. Although capacity hasexpanded, it was still hard to meet China’s needs. In addition, due to the precision alloy and high-temperaturealloys, electroplating, catalyst, superhard materials, machinery, batteries andother industries are improving the amount box printing machine of nickel consumption. The production in 2001is about 44,300 tons, in 2002 increased to about 55,000 tons.8%, that is28,000 tons. When the international buyersimporting nickel products from China,they are attaches great importance to direct trade with the big steel mills,distributors play an important role on supplying products to the small andmedium users. Government used the way of subsidized loans to supportstate-owned enterprises to develop stainless steel production; Governmentencourage to cooperate development with foreign company to produce steel;government encourage to invest in stainless steel production, businessinvestment and purchase stainless steel equipment (cold rolling mill) would begiven tax breaks and other benefits.
Due toChinese nickel resources was limited, further development need to rely on thetwo markets and two resources. 2005 when Chinese steel production reached 2. On this basis,in 2002 the total volume of China’snickel consumption is 90,200 tons, in 2005 it reached 159,000 tons. Meanwhile,China’sproduction capacity of nickel sulfate is 66,500 tons or so. In 2002, Chinese cobalt consumption was 4,845 tons, comparedwith 2001 increased by 22%.3 million tons, it needs8 to 10 tons Nickel.
Themain reason to promote Chinese electrolytic nickel production was the rapidgrowth of the Chinese market demand growing steadily. By resources and funding constraints, Chinesenickel smelting capacity tends to be more concentrated. The increased Chinesenickel consumption changed China’simport and export trade structure of nickel. In 2002 China’sapparent consumption of stainless steel increased by 10% compared with 2001 andreached 2. China’scurrent production of cobalt (metal content) was about 5,300 tons, if you takeout the amount of double counting this part, China cobalt production should bearound 4900 tons.
. From 2002, the battery industry has exceeded cementedcarbide industry, become China’slargest industry of cobalt consumer.
Now, even conservative estimates, the current Chinese nickel powder manufacturers have 7 to 8 (including the carbonyl nickel powder,electrolytic nickel powder and reduced nickel powder) while the productioncapacity can reach 1000 tons, the production of 2001 is 700 tons or more. Especially the nickeldemanding of stainless steel industry was rapidly growth. In 2002 Chinese steel production was770,000 tons