Indonesia's nickel ore market is maturing with notable divergence between domestic benchmark and actual trade prices, which vary with supply and demand.
SHANGHAI, Sep 26 (SMM) – On September 26, following a visit by Meidy Katrin, Secretary-General of the Indonesia Nickel Miners Association (APNI), SMM welcomed a delegation from the Democratic Republic of the Congo, the world's largest cobalt mining country.
[Announcement: Announcement on SMM’s new electro-deposited nickel price point] As Chinese domestic electro-deposited nickelprojects are gradually put into production, there is a large price difference between the current SMM1# electro-depositednickel and SMM imported nickel and the new electro-deposited nickel brandand the trading circulation of new brands in the pure nickel market has gradually increased. In order to facilitate pure nickel upstream and downstream enterprises to better control changes in the pure nickel market and timely reflect the market spot prices, and reduce pure nickel market transaction risks and transaction costs, after a period of precipitation and market research, SMM plans to add the electro-deposited price in the market from 18 September, 2023.