Ferro-nickel / NPI Production from Laterite Nickel Ore in China

Stainless Steel Product structure120%100%5% 5.0% 6.0% 7.0% 9.0% 11.0% 13.0% 17.0% 17.0% 16.0% 17.00%80%23% 22.0% 21.0% 21.0%23.0%25.0% 23.0%27.0% 25.0% 26.0% 27.00%20060%40030040%20%72% 73.0% 73.0% 72.0% 68.0% 64.0% 64.0%56.0% 58.0% 58.0% 56.00%0%2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010Percentage of 300 and 200 & 400 series stainless steel production in ChinaFrom 2000 to 2006, 200 and 400 series percentage increased due to high growthrate and substitution of 200 & 400 in applications as automobile, householdappliance, and architectures, etc.In 2007, due to high and unstable nickel price, 300 series dramatically decreasedby 8%; in the coming years, due to technical reasons, the percentage of 300 willmaintain over 55%;