Market sources indicate that PT Vale has only received approximately 30% of the RKAB quota it applied for, which has raised concerns about the availability of nickel ore supply. The sentiment in the nickel iron market is divided: some participants believe that due to the demand for stockpiling before the Spring Festival, the price will remain firm; however, some participants have become more cautious, believing that the nickel iron price has risen by about 18% since early December and there is a possibility of a price decline in the future. China's battery exports may accelerate, mainly due to the fact that exports can receive a higher export value-added tax refund before April, but the increase is expected to be only around 10%.
