Category: Nickel
-
Indonesia re-adjusts nickel ore HPM; low-grade ore prices cut after April surge
Corrective factor for ≤1.2% Ni limonite lowered to 14% from 26% Revision aims to align government benchmark with actual market prices The Indonesian government has revised its nickel ore benchmark pricing formula (HPM), lowering the price reflection rate for low-grade limonite ore containing 1.2% nickel or less. The corrective factor for this grade has been…