Tag: Indonesia nickel market update

Indonesia: New nickel ore HPM formula lifts pricing floor for 1.6% ore from 15 Apr

Apr 13, 2026

—

by

Kanishka Chhabria

in Nickel

Correction factor for 1.6% ore raised to 30%, supporting miners’ realisations Higher ore costs may tighten margins for NPI and stainless steel producers Indonesia will implement a revised nickel ore Harga Patokan Mineral (HPM) formula from 15 April 2026, in a move expected to raise domestic ore benchmark prices and reshape raw material cost structures…