Shanghai Nonferrous Metals News

Domestic high-NPI production slid slightly in August due to higher production costs in light of increased nickel laterite prices from Indonesia, seeing domestic high-NPI (8~12 % Ni) prices lift to RMB 1,175/Ni unit. However, downstream demand from stainless steel smelters was relatively weak, which is likely to weigh on prices over the short term.

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