Lower iron, nickel and copper prices weigh on Vale’s quarterly earnings
Brazilian miner Vale on Wednesday said lower prices for iron ore, nickel and copper in the first quarter dragged down earnings compared to the year before, as it posted net profit slightly below analyst estimates.
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Potanin’s Interros calls Rusal claims about Nornickel asset sales ‘unfounded’
Interros, Nornickel’s largest shareholder, on Monday called allegations by fellow shareholder Rusal about undervalued asset sales unfounded, the latest step in a long-running dispute between two of Russia’s biggest metals firms.
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Vale divestment in Indonesian nickel unit expected to finish in July
Indonesia’s mining minister on Wednesday said divestment of Vale Canada Ltd and Sumitomo Metal Mining Co. Ltd’s shares in their nickel miner unit Vale Indonesia is expected to conclude in July.
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Indonesia’s Antam to start building new nickel smelter, HPAL plant in 2025
Indonesian state-controlled miner Aneka Tambang (Antam) aims to launch the construction of two nickel processing facilities next year under its partnership with China’s Ningbo Contemporary Brunp Lygend Ltd (CBL).
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Ivanhoe Electric earns into 60% of nickel-copper project in Côte d’Ivoire
Ivanhoe Electric (NYSE American: IE) (TSX: IE) terest in the Samapleu-Grata nickel-copper project in Côte d’Ivoire after satisfying the expenditure requirements outlined in an agreement from three years ago.
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Wyloo says industry will turn from LME without green nickel
Nickel miner Wyloo, owned by Australian mining magnate Andrew Forrest, said that if the London Metal Exchange (LME) doesn’t launch a green nickel contract, the industry will have to look for another trading venue.
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LME partner Metalshub plans for ‘green’ nickel price
The London Metal Exchange (LME) does not plan to launch a separate “green” nickel contract because the market is not large enough, but said its partner was developing an index price that will reflect demand for low carbon nickel.
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LME does not plan to launch green nickel contract
The London Metal Exchange (LME) does not plan to launch a “green” futures contract in nickel because the market for such a contract is not yet large enough, it said on Tuesday.
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Nickel may see deficit on Indonesia hurdles, Macquarie warns
The global nickel market could swing to a surprise deficit this year if growth in Indonesian output is constrained by slow mining permit approvals, according to Macquarie Group Ltd.
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Nickel-based electrode material opens doors to cobalt-free batteries
An international team of researchers has developed a nickel-based electrode material that opens new avenues to cobalt-free batteries for electric vehicles.
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Nickel faces existential moment with half of mines unprofitable
Many of the world’s biggest nickel mines are facing an increasingly bleak future as they wake up to an existential threat: a near limitless supply of low-cost metal from Indonesia.
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Fortescue’s Forrest urges LME to separate ‘clean’ nickel contracts
The London Metal Exchange (LME) should classify its nickel contracts into “clean” and “dirty” ones to give customers more choice, Australian iron ore magnate Andrew Forrest said on Monday.
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Eramet in talks with France to offload debt from SLN nickel unit
Eramet is in “very advanced talks” with the French government to remove from its balance sheet several hundred million euros of debt related to its loss-making nickel subsidiary SLN in New Caledonia, the mining group said.
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BHP says nickel faces “difficult multi-year run”
BHP Group on Tuesday logged first-half underlying profit that slightly beat analyst expectations, buoyed by strong iron ore prices, and said inflationary impacts were receding.
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Australia lists nickel as ‘critical mineral’ to unlock billions in support
Australia classified nickel as a “critical mineral” on Friday, opening the way for the crisis-hit industry to access billions of dollars in cheap government loans, as its prime minister prepared wider policy support for the green energy industry.
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Rusal to add Abramovich to lawsuit against Potanin over nickel miner pact
Aluminum giant Rusal obtained permission by a London court on Friday to add Russian billionaire Roman Abramovich and his firm Crispian Investments Ltd as defendants in the case against Vladimir Potanin, CEO of Nornickel.
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Indonesia names two Chinese nationals as suspects in nickel fire
Indonesia named two Chinese nationals as suspects in an investigation into a deadly blast at a nickel smelter owned by top producer Tsingshan Holding Group.
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Alaska Energy boosts contained nickel at Nikolai project to 8 billion lb.
Alaska Energy Metals said on Monday that its 100% owned Eureka deposit, part of its flagship Nikolai polymetallic project in Alaska, now contains one of the biggest known nickel resources in the US following an update to the NI 43-101 mineral resource estimate (MRE).
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Glencore to sell stake in troubled New Caledonia nickel operation
Glencore said on Monday it will close and sell its stake in the loss-making Koniambo Nickel SAS business it co-owns in New Caledonia, as a sharp drop in the metal’s prices continues to hit the industry.
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Canada Nickel plans to raise $1 billion for processing plant
Canada Nickel Co on Thursday said it is looking to raise $1 billion to build a nickel processing plant, as it seeks to position itself as an alternative supplier of the metal used in car and electric battery vehicles.
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Nickel price extends slump on Indonesian glut as metals hit by Fed
Nickel extended a year-long slump as rising Indonesian supplies help create a glut, while other base metals declined on reduced bets that the Federal Reserve will cut interest rates next month.
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Cornell researchers figure out how to produce extra-pure nickelates
Researchers at Cornell University have developed a new synthesis method that produces nickelates that are so pure, that they are free of the flaws that had tainted previous studies of nickelates.
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Sumitomo cuts nickel output forecast in Madagascar due to system glitches
Japanese trading house Sumitomo Corp on Monday slashed its output estimate of nickel at its Ambatovy project in Madagascar due to system glitches.
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France extends New Caledonia nickel rescue talks
France will continue talks until the end of February to save New Caledonia’s nickel industry, the finance ministry said on Monday, after failing to reach a deal last month to fill a massive funding shortfall for the territory’s nickel processors.
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Glencore reports lower 2023 copper, nickel, cobalt output; flags further falls
Miner and trader Glencore on Thursday reported lower copper, nickel and cobalt production in 2023 and signalled a further decline in output this year.
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Visit: 113