[Announcement: Announcement on SMM’s new electro-depositednickel price point] As Chinese domestic electro-depositednickelprojects are gradually put into production, there is a large price difference between the current SMM1# electro-depositednickel and SMM imported nickel and the new electro-deposited nickel brandand the trading circulation of new brands in the pure nickel market has gradually increased. In order to facilitate pure nickel upstream and downstream enterprises to better control changes in the pure nickel market and timely reflect the market spot prices, and reduce pure nickel market transaction risks and transaction costs, after a period of precipitation and market research, SMM plans to add the electro-deposited price in the market from 18 September, 2023.