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.

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

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

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.

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.

London nickel market tightens as China lifts imports

Mining News Pro - London Metal Exchange (LME) nickel stocks have been falling relentlessly since April of this year.

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.

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.

Dwindling copper, zinc, nickel stocks could shield prices from omicron impact

Mining News Pro - Copper, zinc and nickel prices bounced back from Friday’s omicron-induced drubbing on Monday as worries about global stocks return.

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.

Canada Nickel expands footprint in Ontario with 13 new properties

Mining News Pro - Canada Nickel Company has concluded 18 separate transactions resulting in the outright acquisition or earn-in to 13 additional target properties within a radius of 95 km of the company’s flagship Crawford nickel-cobalt project in Ontario.

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.

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.

Nickel prices seen falling in 2022 due to surplus

Mining News Pro - Nickel prices in 2022 are seen falling from this year’s multi-year highs, Chinese research house Antaike said on Tuesday, with the global market expected to swing into a surplus as production recovers from pandemic disruptions.

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%).

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.

GR Engineering to concentrate on Cosmos nickel

Mining News Pro - GR Engineering has won an engineering, procurement and construction (EPC) contract with a Western Areas subsidiary at its Cosmos nickel operations in Western Australia.

Ramu nickel-cobalt suspension trims output by 3,300-3,800t

Mining News Pro - A pandemic suspension at Metallurgical Corp of China’s Ramu nickel-cobalt project in Papua New Guinea will trim output, but the company will fulfil its contract obligations, an official said on Saturday.

Sibanye-Stillwater buys nickel-copper mines in Brazil for $1 billion

Mining News Pro - South Africa-based Sibanye-Stillwater (JSE: SSW) (NYSE: SBSW) is buying two nickel and copper mines in Brazil from private equity firm Appian Capital Advisory in a $1 billion deal that boosts the company’s growing battery materials portfolio.

Sibanye-Stillwater in talks to buy two Brazilian nickel-copper mines

Mining News Pro - South African Sibanye-Stillwater is in advanced talks to buy two Brazilian nickel and copper assets, as miners across the globe try securing supplies of the metals used in batteries for electric cars and are key for the transition to a green economy.

Sibanye-Stillwater in talks to buy Brazil nickel and copper assets

Mining News Pro - Precious metals miner Sibanye-Stillwater is in talks to buy nickel and copper assets in Brazil, as it looks to step up supplies of raw materials that are key to the transition to low-carbon energy sources.

Nickel price surges to highest in seven years as supply dwindles

Mining News Pro - Nickel surged to a seven-year high in London amid concerns that there’ll be less supply of the key industrial metal to meet resilient demand from economies reopening as the pandemic retreats.

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