Nickel

  • Shanghai Nickel Prices Surge on Supply Disruptions

    BY John Davis
    Shanghai nickel prices jumped nearly 6% on Tuesday, reaching a three-month high as trading resumed following a week-long holiday. The most-traded November nickel contract on the Shanghai Futures Exchange (SHFE) rose 3.4% to 135,470 yuan ($19,304 per metric ton) after peaking at 138,800 yuan, the highest since July 9. Meanwhile, three-month nickel on the London...
    READ MORE
  • Nickel Production Halt at Ambatovy Mine Threatens Madagascar’s Economy

    BY Lars Jensen
    Nickel, which accounted for 25% of Madagascar’s export value in 2022, faces a significant disruption following an incident at the Ambatovy nickel mine. Japan’s Sumitomo Corporation, which operates the mine, reported damage to the pipeline transporting ore to the processing plant, leading to a suspension of production. The halt at Madagascar’s largest nickel mine comes...
    READ MORE
  • Vale Temporarily Halts Operations at Onça Puma Nickel Plant After Storm

    BY John Davis
    Operations at Vale’s Onça Puma nickel plant in Ourilândia do Norte, Pará, have been temporarily suspended following damage to the local power transmission network caused by a severe windstorm on Saturday, October 5. According to Vale, the network is expected to be fully restored by October 15. Vale estimates that this interruption will reduce nickel...
    READ MORE
  • Indonesia’s Nickel Production Growth Revised Downward for 2024

    BY Lars Jensen
    Indonesia’s nickel production is expected to grow by 15% in 2024, a slower rate than previously forecast, according to a report by Macquarie Group. The British company’s managing director for commodity markets, Jim Lennon, noted that the production estimate for the year has been revised down to 2.20 million tons, from an earlier projection of...
    READ MORE
  • Pipeline Damage Halts Nickel, Cobalt Output at Madagascar’s Ambatovy

    BY Sophia Schmitz
    Nickel and cobalt production at Madagascar’s Ambatovy mine has been interrupted after a pipeline transporting ore from the mine in the east of the country to its refinery was damaged, according to a statement from Sumitomo Corp, a major shareholder. The incident, which occurred on September 25, is under investigation, though no injuries have been...
    READ MORE
  • Nornickel Makes Largest Carbon Purchase in Russia to Offset Emissions

    BY Sophia Schmitz
    Nornickel has signed a landmark agreement with RusHydro to purchase 10,000 carbon units, representing the largest transaction in Russia’s emerging carbon market to date, the miner said in a statement. The carbon units were generated as a result of converting Vladivostok Thermal Power Plant No. 2 from coal to natural gas. This transition significantly reduced...
    READ MORE
  • French Firm Botanickel Grows Nickel-Harvesting Plants in the Balkans

    BY Joshua Herring
    Botanickel, a French bio-sourced nickel producer, has been cultivating fields of Alyssum murale, a hyperaccumulator plant, in the Balkans for several years. The plant is used to extract nickel from the soil by absorbing heavy metals through its roots and storing them in its aerial parts without harm, according to Guillaume Echevarria, a specialist in...
    READ MORE
  • LME Resumes Nickel Deliveries from Nornickel’s Finnish Plant After Audit Delay

    BY Sophia Schmitz
    The London Metal Exchange has started accepting nickel deliveries from the Norilsk Nickel Harjavalta plant in Finland—of Russian mining giant Nornickel—ending the temporary halt that started in July 2024. This was not due to sanctions but also a delay in performing an audit to confirm the reliability of metal supplies coming into LME warehouses. Nornickel...
    READ MORE
  • India’s Green Energy Goals Depend on Copper and Nickel Supply, Recycling Crucial

    BY Lars Jensen
    India’s pursuit of carbon neutrality heavily relies on securing key metals like copper and nickel, essential for the renewable energy sector and the electric vehicle (EV) industry. These materials are crucial to reducing reliance on external sources, and recycling is expected to play a major role in establishing a sustainable and reliable supply chain. Copper,...
    READ MORE
  • Nickel Industries Acquires 51% Stake in Indonesia’s Siduarsi Project for $3.4 Million

    BY Lars Jensen
    Nickel Industries, an Australian mining company, has completed the acquisition of a 51% stake in the Siduarsi Project in Indonesia from PT Iriana Mutiara. The Siduarsi Project is a 6th generation Contract of Work (CoW) and is one of only four active nickel CoWs in Indonesia. The deal was valued at AUD 5 million (USD...
    READ MORE