The Indonesia Nickel Miners Association (APNI) has announced the benchmark prices for nickel ore for the first half of December 2025. The reference price was set at $14,666.67/wmt, decreasing by 2.21% from the second period of November ($14,998.67/wmt).
Detailed FOB prices by grade (Ni content 35% moisture):
Ni 1.6%: $25.93/wmt, down $0.59 from November (Period II)
Ni 1.7%: $29.17/wmt, down $0.66 from November (Period II)
Ni 1.8%: $32.60/wmt, down $0.74 from November (Period II)
Ni 1.9%: $36.23/wmt, down $0.82 from November (Period II)
Ni 2.0%: $40.04/wmt, down $0.91 from November (Period II)
Written by Cora Ji, jiruyan@mysteel.com
