Madagascar’s nickel and cobalt miner Ambatovy shuts down ore pipeline
Madagascar’s nickel and cobalt miner Ambatovy has shut down a pipeline supplying ore from its mine in the country’s east to a processing and refinery plant due to damage, its major shareholder Sumitomo Corp said.
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Visit: 26
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
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: 76
China nickel tycoon seeks growth in US energy storage market
Chinese billionaire Xiang Guangda’s battery company is hunting for more US investment opportunities despite mounting geopolitical tension between the world’s economic juggernauts.
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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: 55
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
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
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
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
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
LME plans to suspend nickel brand of Nornickel’s Finnish plant from Oct 3
The London Metal Exchange (LME) will suspend the listing of a nickel brand produced by a plant in Finland owned by Russian metals giant Nornickel, it said on Wednesday, without providing a reason for the suspension.
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Visit: 104
Global nickel prices have probably hit a floor, says Macquarie
Global nickel prices may have hit a floor, according to a Macquarie analyst who sees a market recovery driven by strong demand from the steel sector and as a surplus of ore supplies shrinks after Indonesia slowed production permits.
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Visit: 98
Tsingshan plans another 50,000t nickel LME listing this year
China’s Tsingshan, the world’s biggest nickel producer, is planning to register 50,000 metric tons capacity of nickel cathode on the London Metal Exchange (LME) in the second half of 2024, a company official said on Wednesday.
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Visit: 100
Tsingshan plans another 50,000t nickel LME listing this year
China’s Tsingshan, the world’s biggest nickel producer, is planning to register 50,000 metric tons capacity of nickel cathode on the London Metal Exchange (LME) in the second half of 2024, a company official said on Wednesday.
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Visit: 99
Indonesia considers terminating permits for some nickel pig iron production
The Indonesian government is conducting a comprehensive evaluation regarding the termination of permits for the RKEF smelters which make products in the form of ferronickel and nickel pig iron, a mining ministry official said on Tuesday.
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Visit: 102
Indonesia issues annual nickel ore quota of 240mt for 3 years
Indonesia has issued an annual nickel ore output quota of around 240 million metric tons for the next three years, its Energy and Mineral Resources Minister Arifin Tasrif said on Friday.
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Visit: 131
Trafigura settles billionaire Reuben brothers’ nickel fraud suit
Commodity trader Trafigura Group has settled a London lawsuit brought by the billionaire Reuben brothers after selling them a cargo of “nickel” that was part of a high-profile fraud.
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Visit: 188