Dear SMM Users:
Indonesia was an important participant in the global nickel industry chain and had become a major supplier of nickel intermediate products. The theoretical production cost and theoretical processing profit of Indonesia MHP can provide an important reference for assessing the economic viability of MHP production, as well as the cost support for refined nickel and nickel sulphate.
To further enhance market transparency and help industry participants track changes in Indonesia MHP production costs and profits in a timely manner, SMM will officially launch a series of Indonesia MHP weekly cost and profit data on August 24, 2026.
I. Data Point Names
1. Indonesia MHP Full Cost (Theoretical)
SMM: Indonesian MHP Full Cost: Cost: Weekly
SMM: Indonesian MHP Full Cost: Profit: Weekly
SMM: Indonesian MHP Full Cost: Profit Margin: Weekly
SMM: Indonesian MHP Full Cost (Including Cobalt Discount): Cost: Weekly
SMM: Indonesian MHP Full Cost (Including Cobalt Discount): Profit: Weekly
SMM: Indonesian MHP Full Cost (Including Cobalt Discount): Profit Margin: Weekly
2. Indonesia MHP Theoretical Cash Cost (Theoretical)
SMM: Indonesian MHP Cash Cost: Cost: Weekly
SMM: Indonesian MHP Cash Cost: Profit: Weekly
SMM: Indonesian MHP Cash Cost: Profit Margin: Weekly
SMM: Indonesian MHP Cash Cost (Including Cobalt Discount): Cost: Weekly
SMM: Indonesian MHP Cash Cost (Including Cobalt Discount): Profit: Weekly
SMM: Indonesian MHP Cash Cost (Including Cobalt Discount): Profit Margin: Weekly
II. Release Frequency and Timing
• Update Frequency: Weekly
• Release Timing: Updated every Friday; the first release will be on August 24, 2026
If you have any questions or suggestions, please feel free to contact us at any time.
SMM Nickel Research Team
August 24, 2026