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.
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Visit: 99
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.
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Visit: 99
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.
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Visit: 141
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.
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Visit: 107
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.
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Visit: 121
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.
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Visit: 122
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.
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Visit: 169
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.
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Visit: 114
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.
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Visit: 183
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.
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Visit: 147
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.
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Visit: 65
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.
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Visit: 136
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.
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Visit: 183
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.
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Visit: 73
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.
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Visit: 103
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.
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Visit: 94
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.
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Visit: 160
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.
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Visit: 175
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.
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Visit: 167
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.
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Visit: 205
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.
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Visit: 233
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.
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Visit: 142
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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Visit: 265
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.
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Visit: 284
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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Visit: 228