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Jan 21, 2026 11:01
As the pulse of Southeast Asian mining grows stronger and critical metals become the core arena for global industrial competition, an industry event that gathers global wisdom and links resources across the entire industry chain is about to kick off!
![[SMM Analysis] Nickel's Counter-Seasonal Spike Opens Arbitrage Opportunities: Catalysts & Outlook for High-Grade NPI Price](https://imgqn.smm.cn/production/admin/votes/imagesFktaO20240312144803.png)
Jan 07, 2026 17:09
[SMM In-Depth Analysis: Off-Season Futures Surge Creates Arbitrage Window: High-Grade NPI Price Drivers and Outlook] Recently, the market has been trading on expectations of a supply deficit in Indonesia, while non-ferrous metals have generally risen amid macro events, driving nickel prices and high-grade NPI prices steadily higher. Against a backdrop of sluggish end-use consumption, what is supporting the continuous rise in high-grade NPI prices? The detailed analysis is as follows:










