Nickel ore inventories at ports increase to 13.71 million wmt

Market sources say Qatar's July sulfur official contract price has been released at $890/mt, up $85/mt MoM.

According to the quota annex of EU Implementing Regulation (EU) 2026/1457, annual country-specific allocations for key stainless steel product categories are as follows: Category 8 (hot-rolled sheets/strips): Indonesia 35,843t, India 26,019t, Chinese Taiwan 19,984t, Korea 20,735t, Türkiye 13,727t, China 9,515t; Category 9 (cold-rolled sheets/strips): Korea 101,884t, Türkiye 69,038t, Chinese Taiwan 52,985t, South Africa 52,607t, Vietnam 43,853t, China 40,431t, India 38,054t; Category 14 (stainless bars and light sections): India 92,557t, Switzerland 10,786t, China 3,585t; Category 15 (stainless wire rod): India 18,772t, Korea 5,212t, Chinese Taiwan 4,305t, Japan 2,400t, China 1,374t; Category 22 (seamless stainless tubes): India 15,329t, Ukraine 6,524t, Korea 2,392t, China 1,073t. Total annual quotas across all 26 product categories amount to 18,345,922 tonnes, with a 50% out-of-quota duty. Quotas are split into MFN and FTA parts, administered on a first-come, first-served basis, and remain in force through December 31, 2026.

Nickel 28 Capital reported strong fiscal Q1 2027 results, driven by stable operations at the Ramu Nickel-Cobalt project in Papua New Guinea. During the quarter ended April 30, 2026, Ramu produced 8,785 mt of contained nickel and 855 mt of contained cobalt in MHP, while sales reached 8,632 mt of nickel and 838 mt of cobalt. Net production costs were US$2.81/lb of contained nickel. Nickel 28 recorded a US$4.0 million share of operating profit from Ramu and posted net profit of US$2.1 million, supported by favorable nickel and cobalt prices, strong payability, and relatively low operating costs.