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TONGDESHENGYUAN

TONGDESHENGYUAN

TONGDESHENGYUAN

TONGDESHENGYUAN

TONGDESHENGYUAN

TONGDESHENGYUAN

TONGDESHENGYUAN

Details

Nickel Prices to Fluctuate and Decline in 2026 as Tongdeshengyuan Nickel Industry Implements Multiple Measures to Respond to Industry Changes

Category: Industry Blog

Published Time: 2026-03-27

Summary: As March 2026 dawned, the nickel market staged a dramatic plunge: on March 18, the average spot price of nickel plummeted by RMB 2,050 per ton in a single day, settling at RMB 138,200 per ton—a level that has now fallen below the industry’s mainstream smelting cost threshold, signaling the onset of intense intra-industry competition. According to industry analysts, the global nickel market is projected to face a supply surplus of as much as 260,000 tonnes in 2026, while demand is showing signs of “dual-engine stall”: the stainless-steel sector is experiencing slower growth due to headwinds from the property market, and demand for high-nickel ternary batteries in the new-energy segment is growing more slowly than expected. Coupled with the implementation of Indonesia’s new nickel-mining regulations and the concentrated ramp-up of hydrometallurgical smelting capacity, the nickel industry is now entering a critical phase of capacity rationalization and value reconfiguration. In response to these industry-wide shifts, Jiangxi Tongdeshengyuan Nickel Industry is taking proactive measures: on the one hand, it is optimizing its product mix, focusing on the development of high-value-added nickel products to enhance core competitiveness; on the other hand, it is strengthening cost control, streamlining production processes to reduce smelting costs, and intensifying collaboration with upstream and downstream partners to secure stable raw-material supply chains and mitigate risks from price volatility. Looking ahead, the company will continue to closely monitor industry dynamics, align with emerging trends, leverage technological upgrades to meet market challenges, and pursue steady, sustainable growth.

As March 2026 dawned, the nickel market experienced a sharp plunge: on March 18, the average spot price of nickel plummeted by RMB 2,050 per tonne in a single day, settling at RMB 138,200 per tonne—below the industry’s prevailing smelting cost threshold—and signaling that the global nickel market has entered a phase of intense internal competition. According to industry analysts, the global nickel market is projected to face a supply surplus of as much as 260,000 tonnes in 2026, while demand is showing signs of “dual-engine stall”: the stainless-steel sector is seeing slower growth due to headwinds from the real estate market, and demand for high-nickel ternary batteries in the new-energy segment is expanding more slowly than expected. Coupled with the implementation of Indonesia’s new nickel-mining regulations and the concentrated ramp-up of hydrometallurgical smelting capacity, the nickel industry is now at a critical juncture marked by capacity rationalization and a fundamental reshaping of value. In response to these industry-wide shifts, Jiangxi Tongdeshengyuan Nickel Industry is taking proactive measures: on the one hand, it is optimizing its product mix, focusing on the development of high-value-added nickel products to enhance core competitiveness; on the other hand, it is strengthening cost control, streamlining production processes to reduce smelting costs, and intensifying collaboration with upstream and downstream partners to secure stable raw-material supply chains and mitigate risks from price volatility. Looking ahead, the company will continue to closely monitor industry dynamics, align with emerging trends, leverage technological upgrades to meet market challenges, and pursue steady, sustainable growth.

 

Keywords: Nickel Prices to Fluctuate and Decline in 2026 as Tongdeshengyuan Nickel Industry Implements Multiple Measures to Respond to Industry Changes