The current increase in nickel prices has exceeded anticipated cost increases, and sentiment may be overvalued for policy disturbances. Judging from recent Indonesian policy regulations, the new HMA pricing regulations depend on the LME nickel price trend. In the early nickel price shock phase, HMA's new calculation method had limited impact on nickel prices, and the proposed resource tax increase boosted HPM pricing, and the cost increase is expected to be around 600 US dollars. Furthermore, the market believes that a sharp rise in cobalt prices may force the Sanyuan industry to shift to high-nickel products, which in turn will drive an increase in nickel demand expectations. However, the transition from low nickel ternary to high nickel requires certain technical conditions, and currently 5 series ternary accounts for far less than 8 series, so it is not yet known whether this portion of the increase can be implemented. In the short term, the rise in nickel prices or more is due to emotional disturbances, so it is recommended to wait and see. 23:07:40

The current increase in nickel prices has exceeded anticipated cost increases, and sentiment may be overvalued for policy disturbances. Judging from recent Indonesian policy regulations, the new HMA pricing regulations depend on the LME nickel price trend. In the early nickel price shock phase, HMA's new calculation method had limited impact on nickel prices, and the proposed resource tax increase boosted HPM pricing, and the cost increase is expected to be around 600 US dollars. Furthermore, the market believes that a sharp rise in cobalt prices may force the Sanyuan industry to shift to high-nickel products, which in turn will drive an increase in nickel demand expectations. However, the transition from low nickel ternary to high nickel requires certain technical conditions, and currently 5 series ternary accounts for far less than 8 series, so it is not yet known whether this portion of the increase can be implemented. In the short term, the rise in nickel prices or more is due to emotional disturbances, so it is recommended to wait and see. 23:07:40