Drought in Indonesia's Luwu Disrupts Nickel Smelter Operations, Increases Cost Pressure
[SMM Nickel Flash] August 26 - According to SMM, affected by drought weather, water supply in Indonesia's Luwu region has become tight. Water and power supply to some local nickel smelters have been disrupted, leading to production cuts. While smelters in the IMIP and IWIP industrial parks face water shortage issues, there has been no substantial impact on their production so far. For now, the impact of drought on nickel smelting is mainly pushing up coke prices and increasing cost pressure. SMM will continue to monitor the follow-up dynamics of local water supply and smelter production.