Global Ferronickel market will reach 17600 million US$ by the end of 2025
The global Ferronickel market is valued at 11800 million US$ in 2017 and will reach 17600 million US$ by the end of 2025, growing at a CAGR of 5.1% during 2018-2025. https://www.qyresearch.com/index/detail/406114/global-ferronickel-market
The global Ferronickel market is valued at 11800 million US$ in 2017 and will reach 17600 million US$ by the end of 2025, growing at a CAGR of 5.1% during 2018-2025.
https://www.qyresearch.com/index/detail/406114/global-ferronickel-market
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The major raw material <strong>of</strong> ferronickel is Nickel Ore. On <strong>the</strong><br />
global <strong>market</strong>, supply <strong>of</strong> raw materials is full.But <strong>the</strong><br />
distribution is very concentrated, mainly around <strong>the</strong> equator,<br />
for example, Philippines and Malaysia are <strong>the</strong> main suppliers.<br />
Fluctuations in <strong>the</strong> price <strong>of</strong> <strong>the</strong> upstream product <strong>will</strong><br />
influence <strong>the</strong> production cost <strong>of</strong> ferronickel industry.<br />
We t<strong>end</strong> to believe this industry is a mature industry, and<br />
<strong>the</strong> consumption increasing degree <strong>will</strong> show a smooth growth<br />
curve. As to prices, Because <strong>of</strong> <strong>the</strong> restrictions on<br />
Indonesia's and Philippines's export <strong>of</strong> raw ore. It has led to<br />
a rising price. This tr<strong>end</strong> <strong>will</strong> remain in <strong>the</strong> next few years.
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