Dear Customer,

Greetings! To provide more accurate and effective feedback on the Indonesian nickel market trends and better serve clients related to the nickel industry chain, SMM plans to officially launch new weekly price points for Indonesian domestic trade laterite nickel ore prices on December 27. This update will add two new price points: 1.2% Indonesian domestic trade laterite nickel ore FOB weekly price and 1.6% Indonesian domestic trade laterite nickel ore FOB weekly price. This update will further improve our pricing system, strengthen market connections, keep pace with market changes, provide objective and fair price guidance, assist in building the upstream and downstream nickel market, reduce market transaction costs, and mitigate transaction risks.

The price point maintenance time is every Friday at 12:00 PM domestic time (11:00 AM Jakarta time) on working days. This is hereby announced.

SMM Nickel Research Team
December 3, 2024