SMM Data Shows Drop in Battery-Grade Nickel Sulphate Prices on October 8

In August 2026, Canada's total monthly sulphur exports stood at 403,009 tonnes, down 9.24% month-on-month and up 19.26% year-on-year, with an average price of USD 1,161.791 per tonne; the major export destinations included the US, Chile, Indonesia, New Caledonia, Brazil, Australia, etc. Canada's monthly total imports of sulfur amounted to 1281.999 tons, a month-on-month increase of 42.76%, a year-on-year decrease of 8.03%, with an average price of 1050 US dollars per ton, and its major import sources include the US, China, etc. ; Canada's monthly total exports of sulfuric acid stood at 151,668 tonnes, down 5.08% month-on-month and up 6.48% year-on-year, with an average price of USD 226 per tonne; the main importing country was the US, with a very small volume destined for the United Kingdom; Canada's monthly total imports of sulfuric acid reached 10,944.72 tons, a month-on-month increase of 34.68% and a year-on-year increase of 39.58%, with an average price of 255 US dollars per ton, and the major exporting countries include the US and others. For details, please refer to the SMM analysis.

According to SMM data, on October 8, the FOB price of Indonesian MHP nickel fell by $93/mt Ni from the previous day, and the FOB price of Indonesian MHP cobalt fell by $64/mt Co. The FOB price of Indonesian high-grade nickel matte fell by $103/mt Ni.