| | 2025年10月(吨) | 环比 | 同比 | | --- | --- | --- | --- | | 菲律宾 | 4,346,832.03 | -25.29% | 7.52% | | 新喀里多尼亚 | 98.528.75 | 421.05% | -- | | 所罗门群岛 | 77,360.07 | 90.50% | -- | | 科特迪瓦 | 66,860.64 | -31.13% | -35.51% | | 危地马拉 | 62,921.40 | -35.97% | 172.10% | | 俄罗斯 | 18,209.18 | -27.33% | 164.00% | | 营北亚 | 10.890.62 | -- | | | 坦桑尼亚 | 1,227.17 | -28.02% | 6.15% | | 巴布亚新几内亚 | 0.23 | -- | | | 112566 | 0.23 | -- | -- | | 印度尼西亚 | 0.01 | 200.00% | -- | | 总计 | 4,682,830.33 | -23.50% | 11.82% | 数据来源：海关总署 注：进口/出口总量（总计）中亦包括上表 ...

| | 2025年9月(吨) | 环比 | 同比 | | --- | --- | --- | --- | | 菲律宾 | 5,817,381.48 | -1.93% | 33.79% | | 危地马拉 | 98.070.15 | 99.64% | 325.21% | | 科特迪瓦 | 91,390.41 | 18.26% | 143.58% | | 所罗门群岛 | 40,610.00 | -45.22% | -24.80% | | 俄罗斯 | 25,056.38 | 446.00% | -9.22% | | 新喀里多尼亚 | 18.909.75 | -88.59% | -59.60% | | 澳大利亚 | 10.517.63 | 1.26% | -- | | 越南 | 10.502.42 | | -- | | 坦發居亚 | 1,704.91 | -41.84% | -10.95% | | 加拿大 | 324.12 | -12.37% | -- | | 布隆迪 | 5.05 | -- | -- | | 阿曼 | 0.60 | -- | | | 丹麦 | 0.01 | -- | -- | | Hit | 6,11 ...

Core Insights - China's nickel ore and concentrate imports in August 2025 reached 6,346,691.93 tons, marking a month-on-month increase of 26.92% and a year-on-year increase of 29.87% [1] Import Sources - The Philippines remains the largest source of nickel ore and concentrate imports, supplying 5,944,048.49 tons in August 2025, with a month-on-month growth of 27.09% and a year-on-year increase of 25.75% [1] - New Caledonia is the second largest source, with imports of 165,661.89 tons, reflecting a month-on-month rise of 17.76% [1] Detailed Import Data - The following table summarizes the import data for August 2025: | Source Country | August 2025 (tons) | Month-on-Month Change | Year-on-Year Change | |----------------------|---------------------|-----------------------|---------------------| | Philippines | 5,944,048.49 | 27.09% | 25.75% | | New Caledonia | 165,661.89 | 17.76% | -- | | Côte d'Ivoire | 74,211.14 | -6.30% | -21.10% | | Solomon Islands | 74,128.88 | -- | -- | | Guatemala | 49,723.96 | -24.70% | 399.07% | | E | 10,945.86 | -- | -- | | Australia | 10,386.35 | -6.67% | 188.22% | | Zambia | 9,668.64 | -- | -60.19% | | Russia | 4,589.08 | -66.73% | -72.64% | | Tanzania | 2,939.75 | 32.68% | 150.74% | | Canada | 369.89 | -- | -- | | Malaysia | 17.96 | -- | -- | | Papua New Guinea | 0.04 | -- | -- | | Total | 6,346,691.93 | 26.92% | 29.87% | [1]

Core Insights - China's nickel ore and concentrate imports in July 2025 reached 5,005,763.89 tons, reflecting a month-on-month increase of 15.44% and a year-on-year increase of 45.29% [1] Import Data Summary - The Philippines remains the largest supplier, with imports of 4,682,115.993 tons, showing a month-on-month increase of 15.78% and a year-on-year increase of 44.88% [1] - New Caledonia is the second-largest supplier, with imports of 140,674.665 tons, marking a significant month-on-month increase of 205.54% [1] - Côte d'Ivoire saw a decrease in imports by 30.40% month-on-month, but a year-on-year increase of 101.66%, with imports totaling 79,197.40 tons [1] - Guatemala's imports increased by 8.15% month-on-month and 19.24% year-on-year, totaling 66,031.51 tons [1] - Russia experienced a month-on-month increase of 201.28% but a year-on-year decrease of 38.47%, with imports at 13,791.63 tons [1] - Australia saw a month-on-month increase of 5.63% but a year-on-year decrease of 10.59%, with imports totaling 11,128.37 tons [1] - Vietnam's imports increased by 2.52%, totaling 10,598.17 tons [1] - Tanzania's imports surged by 62.84% month-on-month and 565.65% year-on-year, totaling 2,215.67 tons [1] - Ethiopia's imports were recorded at 10.48 tons, with no comparative data available [1] - Overall, the total imports for July 2025 were 5,005,763.89 tons, with a month-on-month increase of 15.44% and a year-on-year increase of 45.29% [1]

Core Insights - The Indonesian Nickel Smelters Association has urged the government to delay the upcoming increase in royalties until the LME nickel price reaches $17,000 per ton [2] - LME nickel prices have dropped over 2% since early April, currently around $15,500 per ton, with the last time prices hit $17,000 being in mid-October 2024 due to mining quota approval delays [2] - Increased LME nickel inventories are exerting downward pressure on prices [3] Exports - Nickel ore exports from the Philippines increased by 21% year-on-year from January to February 2025 [4] - The rainy season in southern Philippines has ended, leading to expected increases in medium-grade nickel ore shipments from the Surigao mine [5] Imports - In March, China imported 1,535,232.97 tons of nickel ore and concentrates, a month-on-month increase of 34.54% but a year-on-year decrease of 2.06% [6] - The Philippines remains the largest supplier, with March imports of nickel ore and concentrates at 1,205,652.098 tons, a month-on-month increase of 63.95% but a year-on-year decrease of 0.51% [6] - China's nickel pig iron imports in March reached 1,013,259.492 tons, a month-on-month increase of 11.55% and a year-on-year increase of 60.58% [6] - Indonesia is the largest supplier of nickel pig iron, with March imports at 989,055.225 tons, a month-on-month increase of 10.58% and a year-on-year increase of 60.70% [6] Consumption - Global nickel consumption increased by 11% year-on-year in February [7] Production - A major nickel mine operated by GEM in Sulawesi, Indonesia, has halted production and is under review due to safety concerns following a landslide [9] - The mine has advanced smelting facilities with an annual nickel production capacity of 150,000 tons, capable of producing 50,000 tons of high-nickel precursor materials [9] - Indonesia's nickel production surged last year, leading to the closure of several large mines in other regions, including Glencore's Koniambo mine in New Caledonia, which saw a 48% decline in production in 2024 and a continued 50% decline in early 2025 due to ongoing unrest [9] Industry Dynamics - The manufacturing PMI in China for March was reported at 50.5%, reflecting a 0.3 percentage point increase from the previous month, indicating a continued recovery in manufacturing activity [8] - LG Energy Solution has exited an $8.45 billion electric vehicle battery project in Indonesia, shifting focus to a joint venture with Hyundai, highlighting the dynamic changes in the global battery market amid demand uncertainty and tightening profits [8]