New Plant for Advanced Battery Materials Wildcat Discovery Technologies has announced plans to build a plant in the United States dedicated to producing a range of nickel-free and cobalt-free cathode materials. This move marks a strategic development for Wildcat, which has been active in battery materials research and engineering since 2006. Projected Timeline and Plant...
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Significant Oversupply in Nickel Market Recent years have seen a substantial increase in investments in Indonesia’s refining capacity, leading to a notable oversupply in the nickel market. This situation is primarily attributed to heightened production in Indonesia. Declining Nickel Prices Nickel prices have experienced a dramatic 50% drop since January, marking it as the worst-performing...
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Significant Acquisition in Spanish Mining The Canadian multinational Denarius Metal Corporation has acquired a 50% stake in Río Narcea Recursos (RNR) for 25 million euros. RNR is set to commence operations in 2024 at the Aguablanca deposit in Monesterio (Badajoz), Spain’s only nickel mine and one of the few in Europe. Details of the Aguablanca...
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Projected Output for 2023 Indonesia, holding the title of the world’s top nickel ore and product producer, is expected to generate between 1.65 and 1.75 million metric tons of nickel products in 2023, as stated by a government official. Significant Growth in Nickel Production The country’s primary nickel production surged by 32% to 1.16 million...
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Factors Influencing Production Stability Vale Indonesia (INCO) anticipates its nickel matte production to remain consistent at 70,000 tons for the next year, mirroring this year’s estimated production. Bernardus Irmanto, the Chief Financial Officer of Vale Indonesia, attributes this steady production level to two primary factors. Firstly, an increase in the maintenance schedule for mining equipment...
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Invitations to Industry Leaders Nickel Industries is actively inviting major electric vehicle (EV) and battery manufacturers, including Tesla and Panasonic, to visit its Indonesian operations. The Australian company is in the process of expanding its nickel production capabilities to cater to the EV industry. Focus on High Purity Nickel Production The company is developing a...
READ MOREThe global nickel market presents a complex scenario: production is on the rise, consumption is growing, yet an overall surplus of nickel is forecasted. This situation presents a paradox, suggesting both an abundance and scarcity of nickel in the market. Stainless Steel’s Influence on Nickel Market Dynamics The International Nickel Study Group’s projections indicate a...
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Nickel Traceability Initiative Indonesia is set to introduce a nickel tracing system to aid in securing a critical minerals deal with the United States. Starting next quarter, each ton of nickel ore sales will be monitored using the SIMBARA portal. This move is part of Indonesia’s effort to align its nickel production with global mining...
READ MOREConstruction and Capacity of the New Facility Korea Zinc is set to enhance its production capabilities with the construction of an innovative “All-in-One Nickel Smelter” in Ulsan’s Onsan Industrial Complex. The groundbreaking ceremony, held on November 15, marked the start of a project that is poised to significantly boost Korea Zinc’s nickel production. The new...
READ MOREEramet’s Independent Lithium Ventures Eramet, a prominent mining group, recently announced during an investor day that it has no plans for a partnership with Imerys in lithium. CEO Christel Bories emphasized Eramet’s commitment to its independent projects, particularly in lithium production expansion. Strategic Investments in Argentina and Indonesia The company disclosed an ambitious investment plan,...
READ MORENew Prospects in Metal Exploration The discovery of a 470-million-year-old rock under an Aberdeenshire barley field may hold the key to the UK’s net zero future. Aberdeen Minerals, a small firm based in Ellon, is exploring the potential for nickel, copper, and cobalt production in the area, which could significantly contribute to the country’s carbon...
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Project on Hold Awaiting Nickel Price Recovery Poseidon Nickel has paused the Black Swan project, located near Kalgoorlie-Boulder, due to current market conditions and operational challenges. With the feasibility study showing promising cash flow and net present value, the project’s fate now hinges on the volatile nickel market. Financial Projections and Market Realities The previous...
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Acquisition Details LX International, the trading arm associated with South Korea’s LX Group, has announced its intention to acquire a 60% stake in the Indonesian mining company PT Adhi Kartiko Pratama. The deal is valued at approximately 132.9 billion won ($101.3 million) and is part of LX International’s initiative to enhance its production of nickel,...
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Market Dynamics: Betting on Decline Investors are increasingly betting against nickel prices on the London Metal Exchange (LME). The current positioning reflects the most significant short interest since 2019, a direct response to a notable decline in nickel prices throughout the year. As of the latest reports, nickel trades at approximately $18,000 per metric ton,...
READ MOREEvaluating Synergies: Glencore is eyeing a prospective collaboration with fellow mining giant Vale, as it approaches the end of operations at its Nickel Rim South mine in the Sudbury region. The partnership would potentially involve mining a copper and nickel deposit straddling the boundary between their respective properties. Feasibility Study Underway: The feasibility study set...
READ MOREBoost in Production at Two Mines Toronto-listed First Quantum Minerals (FQM) reported a production of 103,805 tonnes of copper from its Zambian mines, Kansanshi and Sentinel, in the third quarter of 2023. Breakdown of Production Levels The Kansanshi mine’s output stood at 39,600 tonnes, marking an increase of 4,943 tonnes from the previous quarter. Meanwhile,...
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Financial Highlights: A Closer Look at Q3 Eramet has announced its Q3 2023 adjusted turnover of EUR 980 million, marking a 26% decrease compared to the same period in 2022. This decline is primarily attributed to a considerable drop in selling prices, which saw a 27% decrease year-on-year. However, it wasn’t all downward trends, as...
READ MOREBritish Columbia is setting the stage to maximize its vast mineral resources, key in the global pivot toward green energy. Central to this plan is nickel, an element vital for low-carbon technologies, placing B.C.-based FPX Nickel Corp. in a pivotal role, potentially leading the charge to open the province’s first major nickel mining operation. Nickel:...
READ MOREPanoramic Resources has witnessed substantial improvements in its production statistics for the third quarter of 2023, marking the most robust performance since the recommencement of operations in 2021. The surge follows the successful repair of the filter press at the Savannah Nickel Operations. Operational Highlights Mining and processing activities have notably escalated, reflecting in the...
READ MOREEstrella Resources reveals promising interim feasibility findings for its 5A nickel deposit at the Spargoville project, pointing to a profitable underground mining operation. Feasibility Insights and Financial Forecasts Initial studies by Estrella Resources underscore the potential of establishing an underground mine at its 5A nickel deposit, part of the larger Spargoville project near Kambalda, Western...
READ MOREKey industry stakeholders seek government intervention for ailing sector. Challenges in the Mining Landscape Zimbabwe’s primary mining entities report that plummeting metal prices combined with increasing operational costs are jeopardizing the industry’s viability. Notable South African resource conglomerates, including Impala Platinum (Implats), Anglo American Platinum, and Sibanye-Stillwater, play significant roles within this sector. Zimbabwe, recognized...
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The Nickel Institute recently shared guidelines on how to critically assess the carbon footprint data of nickel products. Understanding this carbon footprint is crucial for decision-making related to emissions reduction and climate change mitigation, especially in green energy transition value chains. The Institute stresses the importance of using hard, factual data over modeled data. They...
READ MOREPanoramic Resources Limited has released its preliminary September quarter 2023 production results for the Savannah Nickel Project located in Western Australia. Despite facing setbacks with the malfunction of a filter press head unit in the June quarter 2023, the company witnessed improvements across all sectors for the recent quarter. Highlights from the report include: It’s...
READ MOREPanoramic Resources Ltd announced a 5% increase in ore mined to 185,213T for its Savannah Nickel Project in the September quarter. Additionally, the project saw a 56% jump in concentrate production to 23,411DMT and a 42% rise in contained copper production to 932T. Learn more Breaking Metals news!
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