【SMM Flash News】Indonesia's HMA Nickel Decreased Again in the Second Half of October

Indonesia's Ministry of Energy and Mineral Resources (ESDM) has officially released the Nickel Mineral Reference Price (HMA) for the second half of October 2026. The nickel HMA was set at US$15,847.67/ton, down US$475/ton, or 2.91%, from US$16,322.67/ton in the first half of October. The cobalt HMA was set at US$38,938.33/ton, while the iron ore and chrome ore HMAs stood at US$1.40/ton and US$6.37/ton, respectively.

The corresponding Indonesian nickel ore reference prices (HPM) for the second half of October are as follows:

- Ni 1.2%: US$22.44/wmt, down US$0.75

- Ni 1.3%: US$44.58/wmt, down US$1.49

- Ni 1.4%: US$50.05/wmt, down US$1.61

- Ni 1.5%: US$54.48/wmt, down US$1.74

- Ni 1.6%: US$59.12/wmt, down US$1.88