SHANGHAI, Nov.28 (SMM)－According to latest Q3 report released by Vale, its PTVI project in Indonesia has produced 20,200 physical content tons of high nickel matte, remaining same level as Q2, but dropping 6.9% on yearly basis. Its nickel intermediate products output in New Caledonia reaches 9,400 physical content tons, rising 8% on quarterly basis, rising 4.4% on yearly basis. The main reason is that there was maintenance in Q2 but nothing in Q3.
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![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)
