Group 1 - In June 2025, global refined nickel production reached 316,800 tons, while consumption was 304,200 tons, resulting in a surplus of 12,600 tons [1] - For the first half of 2025, global refined nickel production totaled 1,921,600 tons, with consumption at 1,741,700 tons, leading to a surplus of 180,000 tons [1] - In June 2025, global nickel ore production was 339,400 tons [1] Group 2 - For the first half of 2025, global nickel ore production amounted to 1,984,400 tons [1]

Core Insights - In July 2025, China's nickel iron imports totaled 835,895.916 tons, reflecting a month-on-month decrease of 19.68% but a year-on-year increase of 2.30% [1] Import Data Summary - Indonesia remains the largest supplier, with imports of 814,240.675 tons, showing a month-on-month decline of 19.94% and a year-on-year increase of 3.21% [1] - New Caledonia is the second-largest supplier, with imports of 9,870.18 tons, marking a month-on-month increase of 60.90% and a year-on-year rise of 7.23% [1] - The breakdown of imports by origin for July 2025 is as follows: - Indonesia: 814,240.68 tons, -19.94% MoM, +3.21% YoY [1] - New Caledonia: 9,870.18 tons, +60.90% MoM, +7.23% YoY [1] - Other origins include: - Philippines: 5,652.27 tons, -39.58% MoM, -29.96% YoY [1] - Russia: 161.07 tons, +5.18% MoM [1] - South Korea: 2,136.67 tons, -22.53% MoM, -72.89% YoY [1] - Malaysia: 48.13 tons, +99.09% MoM, -81.81% YoY [1] - Total imports: 835,895.92 tons, -19.68% MoM, +2.30% YoY [1]

Group 1 - In July 2025, China's nickel matte imports reached 36,000 tons, an increase of 13,500 tons month-on-month, representing a growth rate of 60.09% [1] - Year-on-year, the imports decreased by 18,700 tons, showing a decline of 34.15% [1] - The import volume from Indonesia was 35,700 tons, which accounted for 99.21% of the total imports for the month, with a month-on-month increase of 59.56% [1] Group 2 - From January to July 2025, the total nickel matte imports amounted to 253,200 tons, reflecting a year-on-year increase of 6.40% [1] - The decline in imports earlier was attributed to profit issues, leading some Indonesian nickel matte producers to shift production to nickel iron [1] - The significant recovery in July indicates a potential rebound in China's nickel matte import scale [1]

数据来源：海关总署 据中国海关数据统计，2025年7月中国镍的硫酸盐进口量16935.261吨，环比增加3665.996吨，上升 27.63%；同比增加3313.43吨，上升24.32%。2025年1-7月中国镍的硫酸盐进口总量129896.77吨，同比增 加2.69%。7月进口硫酸镍小幅增长，处于近两年均值水平。 ...

数据来源：海关总署 据中国海关数据统计，2025年7月镍矿进口量500.58万吨，环比增加65.91万吨，增幅15.16%；同比增加 152.07万吨，增幅43.63%。其中红土镍矿497.86万吨，硫化镍矿2.71万吨。自菲律宾进口红土镍矿 468.21万吨，占本月进口量的93.53%。2025年1-7月镍矿进口总量1978.69万吨，同比增加0.88%。菲律宾 雨季结束，镍矿发运恢复，中国进口镍矿季节性增长。 数据来源：海关总署 ...

数据来源：海关总署 据中国海关数据统计，2025年7月中国镍湿法中间品进口量15.48万吨，环比增加2.67万吨，增幅 20.80%；同比增加1.70万吨，增幅12.30%。其中自印度尼西亚进口量为13.16万吨，环比增加16.10%， 占本月进口量的84.98%。2025年1-7月镍湿法冶炼中间品进口总量101.79万吨，同比增加22.73%。随着 印尼镍湿法中间品产能逐步投放，中国进口规模维持高位。 ...

Group 1 - In June 2025, global zinc ingot production was 1.1667 million tons, while consumption was 1.1946 million tons, resulting in a supply shortage of 27,800 tons [1] - For the first half of 2025, global zinc ingot production totaled 6.8008 million tons, with consumption at 7.0146 million tons, leading to a supply shortage of 213,800 tons [1] - In June 2025, global zinc mine production reached 1.0628 million tons [2] - For the first half of 2025, global zinc mine production was 6.23 million tons [3]

Core Insights - In July 2025, China's alumina exports reached 229,447.79 tons, marking a month-on-month increase of 34.24% and a year-on-year increase of 56.40% [1][2] - Russia was the largest export destination, receiving 202,672.35 tons of alumina, which is a month-on-month increase of 36.64% and a year-on-year increase of 49.32% [1][2] - Indonesia was the largest supplier of alumina to China, with imports totaling 62,064.20 tons, showing a month-on-month decrease of 1.46% but a significant year-on-year increase of 10,600.72% [3][4] Export Data Summary - Total alumina exports in July 2025: 229,447.79 tons [2] - Major export destinations: - Russia: 202,672.35 tons (MoM: +36.64%, YoY: +49.32%) [1] - Oman: 11,085.17 tons [1] - South Korea: 4,478.26 tons (MoM: +163.86%, YoY: +64.25%) [1] - Japan: 1,262.49 tons (MoM: -37.75%, YoY: +67.40%) [1] Import Data Summary - Total alumina imports in July 2025: 125,916.94 tons [4] - Major import sources: - Indonesia: 62,064.20 tons (MoM: -1.46%, YoY: +10,600.72%) [3][4] - Australia: 31,500.20 tons (MoM: 0.00%, YoY: -50.00%) [3][4] - Vietnam: 27,332.45 tons [4] - Japan: 1,847.02 tons (MoM: +32.88%, YoY: +46.26%) [4]

2025年1-6月，全球原铝产量为3684.73万吨，消费量为3688.4万吨，供应短缺3.67万吨。 8月20日（周三），世界金属统计局（WBMS）公布的最新报告显示，2025年6月，全球原铝产量为 609.44万吨，消费量为591.13万吨，供应过剩18.31万吨。 ...

Core Insights - China's aluminum scrap imports in July 2025 reached 160,494.606 tons, showing a month-on-month increase of 3.15% and a year-on-year increase of 18.68% [1][2]. Import Data Summary - Thailand remains the largest supplier of aluminum scrap to China, with imports of 36,406.736 tons in July 2025, reflecting a month-on-month increase of 10.09% and a year-on-year increase of 22.21% [1]. - Japan is the second-largest supplier, with imports of 21,209.287 tons, marking a month-on-month growth of 16.26% and a significant year-on-year increase of 107.11% [1]. - Other notable suppliers include: - The UK: 16,464.09 tons, month-on-month increase of 0.89%, year-on-year increase of 14.65% [1]. - The US: 9,161.48 tons, month-on-month decrease of 13.25%, year-on-year decrease of 41.65% [1]. - Canada: 8,651.87 tons, month-on-month increase of 124.82%, year-on-year increase of 157.11% [1]. - Australia: 8,348.18 tons, month-on-month decrease of 5.73%, year-on-year increase of 8.59% [1]. - Germany: 6,766.48 tons, month-on-month increase of 2.00%, year-on-year increase of 70.75% [1]. - Norway: 3,223.33 tons, month-on-month increase of 21.25%, year-on-year increase of 749.00% [1]. - The overall trend indicates a strong demand for aluminum scrap in China, particularly from Asian suppliers, while imports from the US have significantly declined [1][2].