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Launch of laterite ore 1.3% nickel content cif China price

Fastmarkets has launched its MB-NIO-0006 laterite ore with 1.3% Ni content, cif China price assessment on Friday April 12.

April 12, 2024
By Dylan Duan
Nickel Nickel ore Pricing notice

Following a consultation that ended on April 10, Fastmarkets has launched a new nickel ore price to provide greater transparency to the laterite ore with 1.3% nickel CIF China market, which accounts for around half of total nickel ore volumes imported into China in 2023.

The price specification for the new price are as follows:

MB-NIO-0006 Laterite ore with 1.3% Ni content, cif China, $/tonne
Quality: Nickel ore 1.3% Ni, 15-25% Fe, Si:Mg ratio 1.1-1.8, water content 35% max
Quantity: min 50,000 tonnes
Location: cif China
Unit: USD per tonne
Payment terms: LC, cash, or other payment terms normalized
Publication: Weekly. Friday 2-3pm London time

This price will be part of the Fastmarkets base metals price package.

To provide feedback on this price or if you would like to provide price information by becoming a data submitter to this price, please contact Dylan Duan by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Dylan Duan, re: Laterite ore with 1.3% Ni content, cif China.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.

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