Rising Nickel Ore Costs Push Up NPI Production, Squeeze Smelter Profits

Published: Mar 13, 2026 17:56

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[SMM Nickel Flash] Raw material side, nickel ore costs were still rising, driving high-grade NPI production costs to maintain an upward trend. Meanwhile, the increase in high-grade NPI prices slowed down, putting pressure on smelter profit margins.

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