Supply disruptions in Indonesia drive short-term gains for MHP payables

Payables for Mixed Hydroxide Precipitate (MHP)–the key nickel feedstock for lithium ion battery production–rose 3.7% (to a range of 83-85%) between 26 March and 9 April, according to the Benchmark Nickel Price Assessment, in response to nickel’s declines on the London Metal Exchange (LME) and restocking activity following recent flooding in Indonesia. Notably, heavy rains […]