Indonesia Floods Impact MHP Production in Morowali Industrial Park

Due to the flood disaster in Indonesia, the production and operation of the MHP project in the Morowali Industrial Park have been affected, resulting in a reduction in output. Based on preliminary assessments, the production cuts are expected to last for about a week, and the extent of the impact is yet to be confirmed. SMM will continue to monitor the situation.

As of now, the MHP coefficient (relative to the SMM battery-grade nickel sulphate index) stands at 82%-82.5%, and the FOB price of Indonesian MHP is $12,764/mt (Ni contained).