In 2023, China imported approximately 50 billion kilograms of nickel ores and concentrates. The projected data for the years 2024 to 2028 suggest a consistent increase in import volume, with an average annual growth rate (CAGR) of around 2.40%. Notably, year-on-year growth shows a steady upward trend in imports.
Future trends to watch include:
- The impact of global nickel demand on China's import strategy.
- Innovations in nickel extraction and recycling technologies.
- Policy changes in China regarding resource security and self-sufficiency.
