Philippine medium-to-high grade ore prices continued their downward trend. CIF offers for 1.3% grade stood at US $49/wmt, down about US $1/wmt during the week. Indonesian domestic ore prices fell by about US $5/wmt in July, and a 7.6% decline in the HMA reference price further weighed on ore prices.

Lithium ore transactions were limited last week, largely reflecting the settlement of earlier procurement by lithium refineries. Traders' inventories fell modestly, keeping spot availability tight.   Underlying lithium market fundamentals remained firm. Supply has tightened in July, with spodumene-b

Last week, the overall cobalt market continued to exhibit a stalemate near the bottom, with prices across various product grades trading on the weak side and no notable improvement in trading sentiment. On the cobalt salts front, a few producers offloaded cobalt sulfate at low prices, while transact

Indonesia has taken the first concrete step toward centralizing its strategic mineral exports by rewriting the definition of ferronickel. The new regulation, which took effect on June 1, tightens controls on products that global markets had traditionally defined as ferronickel and nickel pig iron (N

Nickel Sulfate In June, China's nickel sulfate production reached 234,500 tonnes, or 52,600 tonnes in Ni. content (based on Mysteel's sample of 60 enterprises), down 2.36% month-on-month. Approximately 11,700 tonnes of nickel sulfate were used to produce nickel plate. The production comprised 0% nic