SMM Flash News: May 2 - Indonesian Laterite Nickel Ore Prices Fluctuate by Grade

Published: May 2, 2025 23:37

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[SMM Flash News] May 2 – According to SMM, the domestic trade price (delivered-to-plant) of Indonesian laterite nickel ore with 1.2% grade ranges from $23.5 to $24.5 per wet ton, with an average price of $24 per wet ton. For 1.3% grade ore, the price ranges from $25.5 to $26.5 per wet ton, averaging $26 per wet ton. For 1.4% grade ore, the price ranges from $40.6 to $42.6 per wet ton, with an average of $41.6 per wet ton. Compared to the end of March, the average delivered price of 1.2% ore has decreased by $2.1 per ton, the 1.3% ore has decreased by $1 per ton, while the 1.4% ore has increased by $2.6 per ton.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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