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2026/04/17 23:50
Indonesia's new policies reshape industry chain costs, institutions say nickel prices still have room to rise
The core trigger that ignited this round of market movements was the official implementation of Indonesia's revised nickel ore benchmark price calculation rules, with changes in the pricing logic directly overhauling the global nickel market pricing system. Industry insiders indicate that the latest adjustments to Indonesia's HPM policy far exceeded market expectations, incorporating for the first time pricing for by-products such as cobalt and iron, and significantly increasing the nickel ore adjustment coefficient, resulting in a doubling of price differences and causing a notable rise in industry chain costs. Among the processing methods, hydrometallurgy is impacted much more severely than pyrometallurgy. Backed by stronger cost support and multiple supply disruptions occurring in tandem, overall nickel prices are expected to maintain a strong and volatile trend through 2026.
2026/04/17 23:49
Infinity Natural Resources recently released a report stating that the company suffered significant derivative investment losses this quarter due to the combined effect of multiple market factors.
According to preliminary estimates, the total loss caused by this derivatives trading amounts to approximately 65 million US dollars. The loss is mainly due to the combined impact of multiple external risks, including commodity price fluctuations, changes in interest rate environments, and exchange rate movements. The company stated that it is assessing its specific risk exposure and strengthening risk management measures for its derivatives positions.
2026/04/17 23:41
Key Takeaways from TSMC's Q1 Financial Report
1. Outperforming Expectations: First quarter net profit reached 572.5 billion TWD, and gross margin rose to 66.2%, both significantly exceeding market expectations.2. Revenue Structure Adjustment: High-Performance Computing (HPC) contributed 61% of sales, becoming the absolute core; whereas the smartphone business declined by 11% quarter-on-quarter due to seasonal factors.3. Leading Process Technology: Advanced processes (7nm and below) accounted for 74% of revenue, with 3nm contributing 25% and 5nm accounting for 36%.4. External Environment Challenges: Although the situation in the Middle East (Iran war) has raised potential concerns over the supply of energy and key materials (such as helium and sulfur), the direct impact on TSMC is currently limited.Expand
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