Chinese stimulus, lower supply from Russia to keep nickel prices high

Mining News Pro - Nickel prices will edge higher in Q322 as Chinese stimulus measures improve the demand outlook and the Russia- Ukraine war continues to disrupt supply, before falling towards the end of the year as refinery output ramps up, market analyst Fitch Solutions forecasts in its latest industry report.

Vale moves closer to developing nickel sulfate operation in Canada

Mining News Pro - Vale said on Thursday it had completed studies for potentially developing a nickel sulfate operation in Quebec, Canada, with annual capacity seen at 25,000 tonnes.

Hedge fund run by ex-gold trader soars on Chinese nickel bet

Mining News Pro - As the world was still guessing whether Vladimir Putin would invade Ukraine, a little-known hedge fund in Beijing was already betting that it would happen.

Biden keeps funds flowing to build US electric vehicle supply chain

Mining News Pro - President Joe Biden has taken lots of heat for stoking inflation with government spending. It’s not stopping him from keeping the spigot open to fund a domestic electric vehicle supply chain.

China electric car sales rose in May as lockdowns start to ebb

Mining News Pro - China’s legion of electric carmakers appears to be shaking off the worst of the nation’s lockdown-induced supply chain snarls and parts shortages, with at least four selling over 10,000 vehicles last month.

Nornickel cuts estimate of 2022 global palladium deficit

Mining News Pro - Russia’s Nornickel on Monday cut its estimate for the global palladium market deficit in 2022 to 100,000 troy ounces due to lower demand from the car industry amid the Ukraine crisis and a slow recovery of the chip market from shortage.

Australia’s slow warming to electric cars may get election boost

Mining News Pro - One of the world’s biggest laggards in electric vehicle adoption, Australia, is finally warming to the idea.

Indonesia’s Jokowi meets Tesla’s Musk after nickel talks

Mining News Pro - Indonesian President Joko Widodo met Tesla Inc. Chief Executive Elon Musk on Saturday in Texas to discuss potential investments and technology, Indonesia’s government said in a statement.

Chile’s climate scientist minister eyes tougher rules for top copper mining nation

Mining News Pro - Chile’s Environment Minister Maisa Rojas, a leading climate scientist with a PhD from Oxford who made the leap into politics this year, is on a mission to strengthen the Andean country’s environmental rules and hold mining firms to account.

LME targets off-exchange trades as nickel chaos spurs reform

Mining News Pro - The London Metal Exchange plans to force members to regularly report details of their over-the-counter metals positions, substantially expanding its market surveillance capabilities in the wake of this year’s nickel squeeze.

Covid-19 outbreak hobbles Chinese demand for cobalt, nickel

Mining News Pro - China’s Covid-19 outbreak is suppressing the country’s consumption of cobalt, nickel and lithium by disrupting transportation and cutting battery manufacturing, state-backed research house Antaike said.

Nickel price back to where it started before March chaos

Mining News Pro - Nickel futures finally tumbled back below the level where the London Metal Exchange market closed March 4, the last trading day before prices exploded upwards in an unprecedented short squeeze.

Nickel, graphite make up half Tesla’s battery emissions

Mining News Pro - Elon Musk has on more than one occasion expressed concern about nickel availability, but Tesla’s headaches when it comes to nickel don’t end there.

Canada nickel bid is 'tip of iceberg' of BHP growth ambition

Mining News Pro - BHP Group’s unsuccessful attempt to buy a junior Canadian nickel miner last year should be seen as “almost the tip of the iceberg” for its ambitions in the resource-rich country, says one of the company’s top executives.

Vale scores multi-year nickel supply deal with Tesla

Mining News Pro - Vale, the world’s top nickel and iron ore producer, has inked a long-term deal with Tesla that will see the Brazilian miner supplying the electric vehicles (EVs) icon with nickel mined in Canada.

Earth moves for Red Mountain

Mining News Pro - The earth is set to move for junior explorer Red Mountain Mining’s Mt Mansbridge heavy rare earth and nickel-cobalt-PGE project in Western Australia.

Biden’s team puts up over $3 billion to boost US battery output

Mining News Pro - The Biden administration will spend more than $3 billion to support the domestic manufacturing of advanced batteries used in electric vehicles and energy storage, officials said Monday.

Metal demand seen surging for decades on strength of energy transition

Mining News Pro - Demand for metals used in everything from wind-turbine blades to batteries will surge for decades to come, driven by efforts to decarbonize the global economy and shift away from fossil fuels, according to the World Bank.

Vale takes hit from nickel hedging amid record price spike

Mining News Pro - Vale SA renewed its nickel hedging program in 2022 to protect against huge price swings, but ended up losing out on $75 million in potential gains from the metal’s unprecedented rally.

Automakers go back to the future to secure battery metals

Mining News Pro - Henry Ford was right all along, it turns out.

New copper-nickel ink for printed electronics resists oxidation

Mining News Pro - Japan’s National Institute for Materials Science (NIMS) has developed a new conductive ink for use in printed electronics with significantly improved resistance to oxidation.

Putin wants Russia to boost its use of metals to counter sanctions

Mining News Pro - Russian President Vladimir Putin on Wednesday called for structural changes in Russia’s metallurgical industry to counter Western sanctions he said were starving it of some components and restricting its ability to sell some goods abroad.

Volkswagen reaps unexpected $3.8 billion windfall on nickel price spike

Mining News Pro - Volkswagen AG’s commodity trading profits are outshining carmaking earnings after the company’s nickel hedging position surged in value following last month’s historic short squeeze.

Glencore to supply cobalt to GM in multi-year deal

Mining News Pro - Miner and commodities trader Glencore has inked a multi-year agreement with General Motors to provide the automaker with cobalt from its Murrin Murrin operation in Australia.

JPMorgan reviewing commodity exposure after nickel chaos

Mining News Pro - JPMorgan Chase & Co. is reviewing its business with some commodity clients after last month’s nickel short squeeze, a move that threatens to drain more liquidity out of the sector.

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