[Indonesia Domestic Nickel Ore Benchmark Price] Indonesia's HMA Nickel Price Start Rising in the Second Half of August

Indonesia's Ministry of Energy and Mineral Resources (ESDM) has officially released the benchmark mineral price (HMA) for the second half of August 2026. The HMA for this period is as follows: nickel price at US$16,960/tonne, rise from US$16,646/tonne in the first half of August 2026, representing an increase of US$314.00/tonne, or 1.89%. Meanwhile, the benchmark prices for other minerals are: cobalt at US$55,869.00/tonne, iron ore at US$1.41/tonne, and chromite ore at US$6.37/tonne.

According to SMM's internal calculation model, based on simulations for pyrometallurgical ore (20% Fe, 1% Cr, 0.05% Co) and hydrometallurgical ore (45% Fe, 2% Cr, 0.10% Co), the benchmark nickel ore prices (HPM) for different grades have changed as follows:

- Ni 1.2%: US$46.12/wmt (increase US$0.64)

- Ni 1.3%: US$50.42/wmt (increase US$0.72)

- Ni 1.4%: US$54.57/wmt (increase US$0.68)

- Ni 1.5%: US$59.31/wmt (increase US$0.77)

- Ni 1.6%: US$64.28/wmt (increase US$0.86)