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: 48
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: 61
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: 59
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: 48
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: 50
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: 75
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: 54
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: 61
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: 64
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: 70
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: 60
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: 67
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: 68
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: 78
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: 73
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: 62
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: 110
BHP posts second straight year of record iron ore production
BHP Group on Wednesday reported record annual iron ore production for a second consecutive year, helped by improved weather conditions and higher contribution from its South Flank operations in Western Australia.
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Visit: 106
Vale sees iron ore output at high-end of 2024 guidance after Q2 rise
Brazilian miner Vale SA expressed confidence on Tuesday that it would reach the high-end of its 2024 guidance for iron ore production after output increased in the second-quarter.
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Visit: 91
Nornickel to restart furnace at key smelter in early August
Russian metals producer Nornickel will re-launch one of the two furnaces at its flagship Nadezhda Smelter in early August after major repairs that affected production plans, a company spokesman told Reuters on Friday.
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Visit: 83
Hedge fund Elliott challenges court verdict it lost against LME on nickel
US-based hedge fund Elliott Associates on Tuesday urged a London court to overturn a verdict supporting the London Metal Exchange’s (LME) cancellation of nickel trades partly because the exchange failed to disclose documents.
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Visit: 76
Talon Metals grants additional royalty on Tamarack nickel-copper project
US critical minerals developer Talon Metals (TSX: TLO) has announced the sale of a net smelter return royalty to a subsidiary of Triple Flag Precious Metals (TSX: TFPM; NYSE: TFPM) for consideration of $8 million.
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Visit: 70
Eramet and Huayou explore EV nickel partnership in Indonesia
French miner Eramet SA is exploring a partnership with Zhejiang Huayou Cobalt Co. to produce battery-grade nickel in Indonesia after a similar project with a European partner fell through last month.
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Visit: 93
Canada sets high bar for approving large M&A deals in critical minerals
Canada on Thursday put the mining industry on notice that any major deals targeting the country’s producers of critical minerals would only be approved under “the most exceptional circumstances”.
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Visit: 61
LME volumes hit 10-year high in second quarter, led by nickel
Futures and options average daily volumes on the London Metal Exchange (LME) hit a 10-year peak in the second quarter, jumping 27% year on year, the exchange said on Thursday.
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Visit: 56