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.

Jane Street follows Elliott in suing LME over nickel trades

Mining News Pro - Wall Street trading powerhouse Jane Street is seeking around $15 million in damages from the London Metal Exchange over its decision in March to cancel nickel trades after an unprecedented short squeeze.

Hedge fund Elliott sues LME for $456m over nickel trading halt

Mining News Pro - US hedge fund Elliott Associates is suing the London Metal Exchange (LME) for $456 million for cancelling nickel trades after chaotic trading in March that forced the exchange to suspend its nickel market, the LME said on Monday.

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.

Russian mine in Arctic evacuated after smoke reported, Nornickel says

Mining News Pro - Russian miners working at the Komsomolsky mine in the Arctic city of Norilsk were evacuated on Sunday after smoke was reported at the facility, its operator said.

Researchers demonstrate feasibility of using less cobalt, nickel in Li-ion batteries

Mining News Pro - Researchers at Japan’s Tohoku University have demonstrated the feasibility of synthesizing electrode materials for lithium-ion batteries using inexpensive elements.

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.

Nickel demand boomed in 2021; this year it will be supply

Mining News Pro - Global nickel usage surged by an extraordinary 16.2% last year on the back of booming demand from both the dominant stainless steel and fast-growing battery end-use sectors.

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.

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.

EPA deals fresh blow to PolyMet’s $1 billion copper-nickel mine

Mining News Pro - The US Environmental Protection Agency (EPA) has dealt a fresh blow to PolyMet Mining’s plans to build an open pit copper-nickel mine in Minnesota, by recommending the US Army Corps of Engineers not re-issue a key water-related permit.

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.

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.

Rosatom, Nornickel to develop lithium project in Russia

Mining News Pro - Russia’s state-owned nuclear power supplier Rosatom and Nornickel, the world’s largest producer of refined nickel, are fine-tuning details of a plan to develop the Kolmozerskoye lithium deposit in the country’s northwest, Sputnik radio reported.

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.

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.

Nickel drama spurs Chicago exchange bid to grab trading From LME

Mining News Pro - The Chicago Mercantile Exchange, trying to capitalize on the London Metal Exchange’s nickel-trading crisis, is offering incentives to traders to boost its less-popular aluminum futures contract, according to people familiar with the matter.

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.

Top 10 biggest nickel projects in 2022

Mining News Pro - Teck Resources’ Mesaba nickel project in the US is in ninth place with 2.92mt contained nickel. Mesaba is the largest sulphide deposit in Minnesota’s Duluth Complex.

Nickel price climbs in thin trading as investors weigh supply risks

Mining News Pro - Nickel jumped on thin volumes in London, leading metals higher as traders weigh risks to supply arising from the war in Ukraine.

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