QYR Market Research Global Ferronickel market research | Page 5

QYResearch
The major raw material of ferronickel is Nickel Ore. On the
global market, supply of raw materials is full.But the
distribution is very concentrated, mainly around the equator,
for example, Philippines and Malaysia are the main suppliers.
Fluctuations in the price of the upstream product will
influence the production cost of ferronickel industry.
We tend to believe this industry is a mature industry, and
the consumption increasing degree will show a smooth growth
curve. As to prices, Because of the restrictions on
Indonesia's and Philippines's export of raw ore. It has led to
a rising price. This trend will remain in the next few years.