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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LME brokers see big gains in 2022 from volatility after nickel debacle
Mining News Pro - Most brokers and banks trading on the London Metal Exchange (LME) had a bumper year in 2022 in a highly-volatile market, but a provision by JP Morgan due to a nickel crisis weighed on its profits, according to results and industry sources.
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AQR leads 10 hedge funds suing LME over nickel trade debacle
Mining News Pro - AQR Capital Management formally filed a London lawsuit against the London Metal Exchange, joining nine other hedge funds in a series of claims targeting the exchange’s decision to cancel billions of dollars in nickel trades last year.
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Teck, PolyMet launch NewRange Copper Nickel JV to advance Minnesota projects
Mining News Pro - Teck and PolyMet have launched the NewRange Copper Nickel joint venture with the aim to supply critical minerals for the clean energy transition across North America. Together, they plan to become the second nickel producer in the US.
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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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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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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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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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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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Tesla inks secret multi-year nickel supply deal with Vale
Mining News Pro - Electric vehicle giant Tesla is said to have secured a multi-year deal with Vale for the supply of nickel, one of the key ingredients in the batteries that power EVs.
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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.
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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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Tesla inks multi-year nickel supply deal with Prony Resources
Mining News Pro - Electric vehicle giant Tesla (NASDAQ: TSLA) has inked a multi-year nickel supply deal with New Caledonia’s Prony Resources, which guarantees the US carmaker about 42,000 tonnes of the metal needed to produce the batteries that power its EVs.
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Vale Indonesia eyes 2026 completion for nickel HPAL plant
Mining News Pro - Indonesian nickel miner PT Vale Indonesia said it aims to start construction at its Pomalaa project next year to produce material used in batteries for electric vehicles, executives said on Wednesday.
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BHP unites with Tesla for nickel supply partnership
Mining News Pro - BHP will supply Tesla with nickel from its Nickel West assets in Western Australia in a collaboration which will aim to make the battery supply chain more sustainable.
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Rio Tinto, Bluejay to jointly explore for nickel in Finland
Mining News Pro - Explorer and developer Bluejay Mining inked on Tuesday a joint venture and earn-in agreement with Rio Tinto to advance the Enonkoski nickel project in Finland.
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Mincor gains momentum for nickel restart
Mining News Pro - Mincor Resources is set to revive its Western Australian nickel operations next year after launching a $35 million capital raising to fund its 2020 restart strategy.
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EU takes Indonesia to WTO over nickel ore export curbs
Mining News Pro - The European Union launched a complaint at the World Trade Organization (WTO) on Friday against Indonesia’s curbs on exporting nickel and other raw materials, which are designed to benefit its own smelting and stainless steel industries.
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Diggers & Dealers: BHP reveals 2040 vision for Nickel West
Mining News Pro - BHP’s Nickel West business unit is progressing a series of mine developments in Western Australia to strengthen supply for the battery materials sector.
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UPDATE 1-LME to trial electronic closing prices for nickel next year
Mining News Pro - The London Metal Exchange (LME) launched on Wednesday a consultation to trial in the first quarter of next year the use of its electronic system to determine closing prices of the three-month nickel contract instead of open outcry.
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Shifting into high gear: Meeting future demand for nickel sulphate
Mining News Pro- Some four years ago, at a nickel conference in Seville, Roskill’s presentation on the use of nickel in batteries asked the question “…if every vehicle sold ...
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