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 MORENickel, 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 MOREOperations 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 MOREIndonesia’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 MORENickel 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 MORENornickel 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 MOREBotanickel, 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 MOREThe 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 MOREIndia’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 MORENickel 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...
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