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• [SMM Analysis] China's Refined Nickel Imports and Exports Fell MoM in August, with Imports Down 37% MoM and Exports Down 3% MoM

  In August 2025, China's refined nickel imports totaled 24,186 mt, down 37% MoM and up 161% YoY.China's refined nickel exports totaled 15,048 mt, down 3% MoM and up 17% YoY. Among these, other unwrought non-alloy nickel exports amounted to 13,893 mt, accounting for 92% of total refined nickel exports.

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