China's August NPI imports jump 50% MoM on higher Indonesian supply

China's imports of nickel pig iron (NPI) reached 961,370 tonnes in August, marking a significant rise of some 320,000 tonnes or 49.9% month on month, and up by 87,000 tonnes or 10% year on year, data from China's General Administration of Customs (GACC) published Sunday shows.

NPI imports from Indonesia alone totaled roughly 932,000 tonnes, rising 318,000 tonnes or 51.8% from July and 82,000 tonnes or 9.6% from a year earlier. The surge was driven by three key factors. Earlier in August, Indonesia resumed exports of mineral products that may contain rare earth elements, a trade