Nickel Smelting Costs Improve in China and Indonesia Amid Falling Ore Prices

Published: Jul 3, 2026 15:47

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[SMM Nickel Flash] This week, smelting costs for nickel pig iron in and outside China both improved. China's factories mainly purchased Philippine nickel ore, and ore prices continued to decline, maintaining stable profitability for China's nickel pig iron enterprises. In Indonesia, local nickel ore prices also declined, and coupled with the use of low-priced Philippine nickel ore, ore procurement costs significantly pulled back, noticeably easing overall comprehensive production cost pressure.

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