Indonesia controls nickel ore supply to balance weak demand
Indonesia is managing the amount of nickel ore its miners produce in order to balance supply and demand, a government minister said.
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Visit: 41
Barminco secures contract extension at Nova
IGO has awarded Barminco, an underground mining company owned by Perenti, a contract extension to continue mining at the Nova underground nickel mine in Western Australia.
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Visit: 36
Teck CEO says Canada must spend more to erode China’s critical minerals dominance
Teck Resources Ltd.’s chief executive officer warned the Canadian government that it isn’t doing enough to foster development in the critical minerals sector.
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Visit: 34
Sumitomo Metal forecasts widening global nickel supply surplus in 2025
The global nickel market is poised for a larger surplus next year, driven by continued production expansion in Indonesia, Japan’s largest nickel smelter Sumitomo Metal Mining said on Wednesday.
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Visit: 28
Vale temporarily halts operations at Onca Puma nickel plant
Brazilian miner Vale temporarily interrupted operations at its Onca Puma nickel plant in Para state after heavy winds damaged a local electricity transmission network, it said late on Sunday in a securities filing.
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Visit: 29
Nickel price extends gains as metals traders await China’s return
Nickel extended gains as supply cuts came into focus, while other metals held steady ahead of the reopening of Chinese markets after a weeklong holiday.
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Visit: 52
Lifezone Metals, JOGMEC sign MOU on Kabanga nickel project
Lifezone Metals has signed a memorandum of understanding (MOU) with the Japan Organization for Metals and Energy Security (JOGMEC) that aims to support the Japanese agency’s efforts to secure cleaner metals from Lifezone’s Kabanga nickel project.
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Visit: 62
Power Nickel hits “biggest intersection yet” at Quebec project
Canadian explorer Power Nickel said on Thursday it had hit the main mineralized structure within the Lion Zone of its flagship NISK polymetallic project in Quebec, Canada, following a retargeting exercise.
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Visit: 50
Saudi’s mining minister sees no obstacles to dealmaking in Canada
Saudi Arabia’s mining minister doesn’t see any barriers preventing dealmaking by the Kingdom into Canada’s mining sector, despite government rules restricting investments from state-owned foreign entities.
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Visit: 59
Nornickel opens EV battery R&D centre
Russia’s Nornickel opened an R&D centre in St. Petersburg on Monday to study the use of nickel-containing cathode active materials in electric batteries, marking the first stage of the Russian firm’s entry into battery production.
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Visit: 70
Germany launches raw materials fund to strengthen supply chains
The German government is launching a €1 billion ($1.1 billion) fund for investment in raw materials as it seeks to limit dependency on producers such as China for critical minerals.
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Visit: 61
BHP’s Australian nickel stoppages spoil plans for LME alternative
Plans for two new nickel trading platforms to challenge the London Metal Exchange (LME) have been blown off course by BHP’s planned suspension of its plants in Western Australia, which has prevented it from committing to them.
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Visit: 50
Sibanye considers sourcing nickel for French plant from New Caledonia’s Prony
Sibanye-Stillwater said it is studying New Caledonia’s Prony Resources as a potential source for nickel it needs to manufacture battery-grade material at its Sandouville plant in France.
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Visit: 54
Vedanta plans to expand nickel sulphate production to tap overseas demand
Indian metals-to-oil conglomerate Vedanta plans to step up nickel and nickel sulphate production and tap rising demand for EV battery materials in countries in northeast Asia, the company said on Thursday.
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Visit: 85
Indonesia sees nickel price holding near current levels on new plants
Indonesia’s government sees nickel prices stabilizing near current levels in the future, as new plants in the world’s biggest producer offset rising demand and keep the market well supplied.
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Visit: 61
US mineral projects close down government loans in fear of Trump
US miners and battery recyclers are rushing to close government loans worth billions of dollars before January out of concern that former President Donald Trump would, if reelected, block funding needed to boost American output of critical minerals for the energy transition.
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Visit: 69
Madagascar’s Ambatovy nickel project companies file restructuring plan
Madagascar’s Ambatovy nickel project companies filed a debt restructuring plan with an court in London on Wednesday, a spokesperson at the project’s major shareholder Sumitomo Corp said.
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Visit: 75
Antam plans to acquire smelter owned by Tsingshan unit
Indonesian state-controlled miner PT Aneka Tambang (Antam) is planning to acquire a smelter owned by a subsidiary of Chinese stainless steel giant Tsingshan Holding Group, its chief executive said on Tuesday.
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Visit: 78
Nornickel examining impact of latest US sanctions
Russian mining giant Nornickel said on Monday it was examining the implications of new US sanctions on its subsidiaries, which are not involved in the company’s production and sales.
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Visit: 66
Wave of Chinese copper fills warehouses abroad as demand weakens
Copper and nickel made in China flooded overseas into warehouses tracked by the London Metal Exchange last month, as tepid domestic demand triggers a wave of exports that has weighed on global prices.
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Visit: 72
IGO looking to divest some Forrestania nickel assets
Nickel and lithium producer IGO Ltd is negotiating a potential deal with Medallion Metals to divest certain assets of its Forrestania nickel operation in Western Australia, the companies said in separate statements on Thursday.
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Visit: 71
Nornickel sticks to production outlook despite furnace repairs
Russia’s Nornickel, the world’s largest producer of palladium and a major producer of refined nickel, reported on Monday a 1% drop in nickel output for the first half of the year, but kept its 2024 production guidance for both metals.
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Visit: 83
New Caledonia nickel firm KNS starts layoff procedure
New Caledonian nickel producer Koniambo Nickel SAS (KNS) has launched a redundancy plan for its 1,200 workers after co-owner Glencore failed to find a buyer for its stake ahead of an end-August deadline, KNS said on Friday.
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Visit: 77
Indonesia trying to cut China stakes in new nickel projects
Indonesia’s government is seeking to reduce Chinese participation in new nickel projects to help the industry qualify for US government subsidies, the Financial Times reported, citing a person familiar with the matter.
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Visit: 66
China stainless steel mogul fights to avoid a second collapse
Chinese metal tycoon Dai Guofang’s first steel empire was brought down by a government campaign to rein in market exuberance, tax evasion accusations and a spell behind bars. Two decades on, he’s once again fighting for survival.
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Visit: 116