Nickel demand growth in China, the world’s biggest consumer, will slow this year as stainless steel production cools and as competition persists from lower-cost alternatives, said Beijing Antaike Information Development Co.
A History of Nickel Laterites
Nickel can be produced from either sulphides or laterite ore. About 72% of the world’s nickel resources are laterites found mainly in tropical locales such as Indonesia, Cuba, Brazil and New Caledonia.
Global nickel market demand to return in 2010
Between 2000-2009, its domestic demand is estimated to have risen by an annual average rate of almost 25%. This phenomenal growth has seen China become the world’s largest consumer of nickel.
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