Indonesia NPI Output In September And Forecast For October

Published: Oct 9, 2023 13:36

Source: SMM

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In September 2023, Indonesia's NPI output was 120,200 mt in nickel content, up 2.65% MoM and 19% YoY, bringing total output in 2023 so far to 1.0033 million in nickel content, up 19.8% YoY.

SHANGHAI, Oct 9 (SMM) –

In September 2023, Indonesia's NPI output was 120,200 mt in nickel content, up 2.65% MoM and 19% YoY, bringing total output in 2023 so far to 1.0033 million in nickel content, up 19.8% YoY. As of early October, Indonesia's review of nickel ore quotas and illegal nickel mining continued. Nickel ore supply crunch in Indonesia lingered. Although output of high-grade NPI in physical content of some local makers hiked, their nickel grade crept down. As high prices of high-grade nickel matte deterred buyers, some producers switched to NPI production in September, thereby pushing up high-grade NPI production in Indonesia. Projected Indonesia's NPI output in October will be 120,100 mt in nickel content, down 0.1% MoM, but up 13.6% YoY.

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