SHANGHAI, Jan 11 (SMM) – Nickel ore inventories across all Chinese ports shrank 390,000 wmt from a week ago to stand at 13.22 million wmt as of Friday January 11, SMM data showed.
In metal content, stocks declined 3,300 mt for the same week and came in at some 110,000 mt.
Stocks across seven major Chinese ports decreased by 320,000 wmt to 10.24 million wmt.

![[SMM Nickel Market Flash] World Bank Says Indonesia’s New Nickel Capacity May Be Curbed by Tight Ore Supply](https://imgqn.smm.cn/usercenter/OjGlE20251217171734.jpg)
![[SMM Nickel Market Flash] World Bank Sees Nickel Prices Rising 12% in 2026 on Tight Supply](https://imgqn.smm.cn/usercenter/PFIti20251217171734.jpg)
