Global nickel production to decline 7.4% this year (GlobalData)

According to GlobalData, global nickel production will decline in 2020 by 7.4%. In question, the decision of Indonesia to ban this year the exports of raw ore, associated with the restrictions due to the Covid-19 pandemic in the Philippines in particular.
Global nickel production will decline 7.4% this year to 2.19 million tonnes. According to a report by GlobalData published this week, this drop will be the consequence of the ban on the export of raw ore decided at the beginning of the year by Indonesia, the world's largest producer, even though the Covid-19 pandemic has contributed to make the situation worse.

“Indonesian nickel mining companies without an integrated crude smelting system have found it difficult to sell their output to national smelters […]. As a result, domestic miners have either stopped or reduced production in the first three quarters and this is expected to continue until the end of the year, ”says Vinneth Bajaj, senior analyst at GlobalData, who th…

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