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Ferronickel is a ferrous metal composed of nickel and iron. It is used in the production of stainless steel and other alloys, and is also used in the production of coins and jewelry. Ferronickel is produced by smelting nickel ore in a furnace, and is typically composed of 30-50% nickel. It is a relatively low-cost material, and is used in a variety of industries, including automotive, aerospace, and construction.
Ferronickel is produced in a variety of countries, including China, Russia, and Indonesia. The market for ferronickel is highly competitive, with a number of producers competing for market share. Prices for ferronickel are determined by supply and demand, and can fluctuate significantly depending on market conditions.
Some companies in the ferronickel market include Vale, BHP Billiton, Norilsk Nickel, and Jinchuan Group. Show Less Read more
