Vale expects to increase nickel output to 360,000 tons, to fit strong future demand

According to the news from Vale S.A., the leading mining company in the world, it would increase its output of nickel to around 360,000 tons, mainly from the expanded program from the Indonesian mine, to fit the growing demand in the future.

As Vale was currently the largest nickel provider, every step of this giant might influence the market. The nickel short-demand in this first 9 months were around 67,000 tons, compared with 103,000 tons in 2018.

The whole year’s nickel demand in 2019 was expected to increase by 53,000 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.