Indonesia issued a ministerial regulation effective Friday revising the mineral benchmark price (HPM) formula to cut the minimum payable for low‑grade nickel ore. Under the new HPM, the cost of 1.2% nickel ore is roughly halved, easing margins for lo

2026-09-16

Indonesia issued a ministerial regulation effective Friday revising the mineral benchmark price (HPM) formula to cut the minimum payable for low‑grade nickel ore. Under the new HPM, the cost of 1.2% nickel ore is roughly halved, easing margins for local processors and HPAL plants that refine low‑grade ore into EV‑battery chemicals. HPAL operators had been squeezed after sulfur reagent prices surged following the U.S.‑Iran conflict, forcing some to consider coordinated cutbacks. Large new HPAL capacity due this year and next could add downward pressure to nickel prices, which hit a year‑to‑date low on Wednesday; HPAL output—mixed hydroxide precipitate—can be converted into LME‑storable refined nickel.

Other News
2026-09-15

U.S. stocks opened lower, with the Dow Jones Industrial Average down 0.2%, the S&P 500 down 0.1%, and the Nasdaq Composite down 0.1%. Most memory-related stocks rose, with Micron Technology (MU.O) up 0.9% after demonstrating the world's first 512GB D

2026-09-16

The U.S. Coast Guard confirmed U.S. military and FBI personnel boarded the foreign-flagged VL Prosperity on Aug. 21 after signs the ship’s network had been compromised. The VL Prosperity, a very large crude carrier now near Galveston, Texas, reported