SMM High-Grade NPI Sentiment Index Rises Slightly in June Amid Market Divergence

According to SMM data, on June 3, the FOB price of Indonesian MHP nickel rose by $116/mt Ni from the previous day, while the FOB price of Indonesian MHP cobalt remained unchanged at $0/mt Co. The FOB price of Indonesian high-grade nickel matte rose by $82/mt Ni.

Shanghai Metals Market (SMM is proud to announce that the Indonesia Critical Minerals Conference & Expo 2026, co-organized by SMM and the Indonesia Nickel Miners Association (APNI), was grandly held at Pullman Jakarta Central Park on June 3. SMM Chairman Adam Fan delivered opening remarks at the flagship industry event. As highlighted by Mr. Fan, SMM is committed to building a high-connected global platform linking Indonesia to the worldwide industrial landscape. This year's event has achieved a record-high scale, gathering 3,500+ attendees and 120+ speakers, featuring 5 forums that fully cover the entire industrial chain of nickel-cobalt new energy, coal, energy transition, aluminum and tin sectors.