In February, China's refined nickel production was 32,600 tons, a decrease of 7.45% month-on-month.

According to Mysteel’s survey of 22 sample companies nationwide, China’s refined nickel production in February 2026 is expected to be 32,600 tons, a decrease of 7.45% month-on-month and a decrease of 1.65% year-on-year; from January to February 2026, China’s cumulative refined nickel output is 67,825 tons, a year-on-year increase of 1.65%. Currently, domestic refined nickel companies have equipment capacity of 51,431 tons, with an operational capacity of 49,348 tons, an operating rate of 95.95%, and a capacity utilization rate of 63.39%. The estimated refined nickel production in China for March 2026 is 39,430 tons, a month-on-month increase of 20.95% and a year-on-year increase of 7.54%.

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