SMM has now officially launched the new SMM: Supply-Demand Balance of Nickel Matte: Monthly data point based on extensive market surveys.

SMM will delist 14 price points for various steel types from specific mills effective April 1, 2026, due to prolonged stockouts. Clients should adjust their price usage to avoid business disruptions.

SMM officially released SMM: Sulfuric Acid Demand: Total: Annual data, with China as the data region.

LFP Prices

Effective March 17, 2026, SMM will officially launch the following two new price points: "SMM Battery-Grade Lithium Carbonate (CIF South Korea)" and "SMM Battery-Grade Lithium Hydroxide (CIF South Kor

Discontinuation of Iron Ore Data Points in the SMM Database

SMM will launch two new price points for Indonesia 316L stainless steel, "Indonesia 316L/NO.1 Coil Mill Edge" and "Indonesia 316L/2B Coil Mill Edge," effective March 13, 2026.

Discontinuation and Addition of Iron Ore Data Points in the SMM Database

In the past two years, the proportion of nickel ore exported from the Philippines to Indonesia has surged from less than 3% in 2023 to approximately 20% in 2024. This year, Indonesia’s domestic nickel ore supply is tightening under the dual pressures of progressively stricter government controls over nickel resources and prolonged rainy seasons. Consequently, exports of nickel ore from the Philippines to Indonesia are expected to increase further. Against this backdrop, ​​the valuation and pricing mechanisms for Philippine nickel ore in the Indonesian market​​ are drawing close attention from participants across the supply chain. To proactively address market shifts, meet the ​​pressing need for price discovery​​ of Philippine nickel ore on a CIF Indonesia basis, and enhance market transparency, SMM has decided: Commencing August 15, 2025, SMM will officially launch two new price:​​ SMM the Philippines 1.3% Laterite Nickel Ore, CIF Indonesia, USD/wmt​ SMM the Philippines 1.4% Laterite Nickel Ore, CIF Indonesia, USD/wmt Details of this price point are as follows: Description: SMM the Philippines 1.3% Laterite Nickel Ore, CIF Indonesia, USD/wmt Quality: Nickel ore 1.3% Ni, 15-25% Fe, water content 33-35% Quantity: Minimum 50000 tonnes Definition: CIF Indoneisa main ports Brand Listing: CNC、NAC,etc Timing: 1-2 Months Unit: USD/wmt Payment Terms: L/C/TT at sight in USD , other payment terms normalized Pulication: Daily, by 12am Beijing Time Description: SMM the Philippines 1.4% Laterite Nickel Ore, CIF Indonesia, USD/wmt Quality: Nickel ore 1.4% Ni, 15-25% Fe, water content 33-35% Quantity: Minimum 50000 tonnes Definition: CIF Indoneisa main ports Brand Listing: CNC、NAC,etc Timing: 1-2 Months Unit: USD/wmt Payment Terms: L/C/TT at sight in USD , other payment terms normalized Pulication: Daily, by 12am Beijing Time SMM Nickel Industry Research Department August 8, 2025

SMM launches graded price points for hafnium oxide and crystal hafnium to enhance pricing reference for the hafnium industry.