Nickel price storms to 10-year peak on supply worries

Mining News Pro - Nickel price surged to the highest in a decade on Wednesday as investors bet automakers will have to scramble to secure supplies for their electric vehicle batteries as inventories dwindle.

Talon Metals stock surges following Tesla supply deal

Mining News Pro - Shares in Talon Metals opened Tuesday’s session up nearly 41.7%, trading near a 52-week high, following an earlier announcement that the company has signed a nickel supply agreement with Tesla.

BHP back to Africa with Tanzania nickel investment

Mining News Pro - BHP (ASX, LON, NYSE: BHP) has committed to invest $100 million in a huge nickel project in Tanzania, UK-based private company Kabanga Nickel said on Monday, as the world’s largest miner seeks to expand its portfolio in commodities deemed key to the green energy transition.

Tesla signs $1.5 billion deal for nickel from Talon Metals’ Minnesota project

Mining News Pro - Tesla on Monday said it has signed its first US supply deal for nickel, tapping Talon Metals Corp’s Tamarack mine project in Minnesota.

Nickel price hit highest in a month with inventories close to record lows

Mining News Pro - Nickel price rose on Monday to their highest level in more than one month, with inventories of the metal hovering close to record lows.

BHP to invest $50m to advance Tanzania nickel project

Mining News Pro - BHP Group would make an investment of $40 million to develop a nickel project in Tanzania, Kabanga Nickel said on Monday, and $10 million for cleaner production technology, as the global miner, seeks to reduce its carbon footprint.

EV battery costs set to rise in 2022

Mining News Pro - The cost of batteries for electric vehicles is set to rise in 2022 as supplies of raw materials fail to keep up with rising demand.

Global nickel supply could increase by 20% in 2022

Mining News Pro - Commodity researcher Global Palladium Fund published a forecast anticipating a global nickel surplus of 59KT in 2022.

Non-lithium stationary battery market shoots up in next decade

Mining News Pro - A new report by IDTechEx forecasts the market for non-lithium battery chemistries in stationary storage to grow at a CAGR of 61% between 2022-2032.

Global nickel smelting rebounds as Sudbury operations restart

Mining News Pro - Global nickel smelting activity rebounded in November, powered by gains in North America and Europe, while refined copper production dipped, data from satellite surveillance showed on Monday.

Why OEMs are upping battery recycling capacity

Mining News Pro - A recent report by IDTechEx states that as original equipment manufacturers’ (OEMs) interest in lithium-ion battery recycling grows, global recycling capacity is likely to increase exponentially and about 12 million tonnes of li-ion batteries are to be recycled by 2042.

Voisey’s Bay mine wins Miner of the Year

Mining News Pro - The Newfoundland and Labrador Branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) has awarded Vale its Miner of the Year designation for Vale’s Voisey’s Bay nickel operation 30 km southwest of Nain, Labrador.

Nornickel ups investment forecast by $6 billion over next decade

Mining News Pro - Russia’s Norilsk Nickel said it has raised its 2021-2030 investment estimate by $6 billion to $35 billion to reflect higher construction costs and increased investment in energy infrastructure upgrades.

After shaking up nickel, China’s Tsingshan sets sights on lithium

Mining News Pro - Tsingshan Holding Group, the Chinese firm that shook the nickel world by rapidly boosting output in Indonesia, is among the latest entrants to the white-hot lithium sector, potentially making it a one-stop shop for electric vehicle (EV) battery ingredients.

Kabanga says Tanzania mine may answer Elon Musk’s nickel plea

Mining News Pro - Kabanga Nickel Ltd. is seeking to raise $1.3 billion for a massive mining project in Tanzania that the company says could help ease electric-vehicle manufacturers’ insatiable demand for nickel.

BHP sees need for battery metals more than doubling in 30 years

Mining News Pro - As the pace and shape of the global transition to a greener economy has become a key issue globally, the need for battery metals will grow up to four times in the next 30 years, Vandita Pant, BHP’s chief commercial officer, said on Wednesday at the FT Commodities Asia Summit.

US adds nickel, zinc to critical minerals list

Mining News Pro - Nickel and zinc are now deemed critical minerals by the United States.

Indonesian miner to employ next-generation nickel extraction technology

Mining News Pro - British company Altilium Group and PT Indo Mineral Research, a member of the Sebuku Group – one of Indonesia’s largest mining groups – signed a deal to commit financial, technical and logistical resources to accelerate the adoption of the DNi Process in Indonesia.

Northvolt produces fully recycled battery cell

Mining News Pro - Swedish battery maker Northvolt announced that it has produced its first battery cell with 100% recycled nickel, manganese and cobalt at its Northvolt Labs in the central city of Västerås.

Researchers push for more accurate battery metals demand forecasts

Mining News Pro - Common assumptions that state that demand for battery metals will continue to increase for the foreseeable future, as they are essential for high-performance lithium-ion batteries, may be misleading, a new report by CSIRO states.

The charging infrastructure needed to boost EV adoption

Mining News Pro - In a new insight published by ​​McKinsey & Company, Frank Mühlon, president of the e-mobility division of ABB, and Giovanni Palazzo, president and CEO of Electrify America, said that nowadays the number-one concern when it comes to the adoption of electric vehicles is whether adequate charging infrastructure is in place or not.

Sumitomo notches record profit on higher commodity prices, ups annual outlook

Mining News Pro - Sumitomo Corp reported a record net profit for April-September and lifted its annual forecast by 31%, as a surge in commodity prices and the resumption of nickel output at Madagascar led to a rapid earnings recovery momentum.

Sherritt plans to expand Cuban nickel mine

Mining News Pro - Sherritt International (TSX: S) is making plans to expand production and lengthen the life of the Moa nickel-cobalt mine in Cuba. Moa is a joint venture of Sherritt (50%) and General Nickel Co. of Cuba (50%).

BHP in talks with Wyloo over Noront takeover

Mining News Pro - BHP has begun talks with Australian billionaire Andrew Forrest’s Wyloo Metals concerning the imminent takeover of Canada’s Noront Resources, as part of a truce in the companies’ battle to acquire the nickel producer.

Vale’s Long Harbour nickel two-thirds less CO2 intensive than industry average

Mining News Pro - Vale’s high-quality nickel produced at its Long Harbour operation in Canada emitted about one third of the CO2 of the industry average, the Brazilian miner said in a release on Monday.

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