Canada Nickel Company is promoting its Crawford Project – a nickel mine in Timmins, Ontario – as one of the largest carbon capture and storage facilities in the country. The company claims that the mine, which is an ultramafic deposit, has the potential to capture and sequester large amounts of carbon dioxide (CO2) through a...
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According to Investorintel, nickel prices have had a strong year in 2022, rising 43% to reach $28,199 per tonne at the time of writing. This increase has been driven by strong demand and limited new supply in the market. Looking ahead to 2023, the nickel market is expected to remain tight, although some analysts are...
READ MOREThe demand for critical minerals including lithium, graphite, nickel, cobalt, copper, rare earth elements, potash, uranium and aluminum is increasing as the world moves towards a global net-zero economy and the adoption of clean technologies such as solar panels and electric vehicle batteries. These minerals are not only essential for clean technology, but also play...
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China’s nickel buyers, the world’s largest purchasers of the metal, have asked producers to switch to Shanghai Futures Exchange (SHFE) contracts to price their supplies next year. Who The sources, who asked to remain anonymous because they were not authorized to speak to the press, possess direct knowledge of the matter. Why it matters If...
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Ring of Fire Metals (RoFM) has signed a memorandum of understanding (MoU) with the Webequie First Nation, outlining a framework for collaboration on proposed development in Northern Ontario’s Ring of Fire. Who Ring of Fire Metals and the Webequie First Nation have signed a memorandum of understanding outlining how the two parties will collaborate to...
READ MOREAround the midpoint of 2023, Brazil-based mining company Vale plans to split off its base metal operations into a separate company from its core iron ore business. Its nickel operations in Canada will be impacted by this decision, including those in Sudbury, Ontario; Thompson, Manitoba; and Voisey’s Bay, Newfoundland and Labrador. Who Vale executives announced...
READ MOREAnalytics recap. Nickel. Early December. Based on analysis by the Financial Times. The London Metal Exchange (LME) clearing house, a crucial organization created to stop problems in one market from spreading to the wider financial system, was in danger of failing in March, according to judicial files disclosed this week. According to the documents, the...
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LME was forced to suspend the nickel market and cancel all trades on 8 March, after prices spiked more than 50% to hit a record above USD 100,000 per tonne within a few hours. And although nickel trading resumed on 16 March after daily price limits were introduced, it wasn’t available during Asian hours. Now...
READ MOREWallbridge Mining sells all its nickel assets to Archer Exploration Corp. Who Canadian gold company Wallbridge is selling all the property, assets, rights and obligations associated with its nickel portfolio to Archer Exploration Corp, also based in Canada. The value of the deal is estimated to be around CAD 53.6 million in Archer shares (approximately...
READ MOREAnalytics recap. Nickel. Mid-November. Based on analysis by the Financial Times. Nickel prices have reached a six-month high, in a continuation of the market deterioration that has been observed since March. On Monday, the three-month nickel contract briefly hit a daily trading limit of 15%, reaching nearly USD 31,000 per tonne. This was followed by...
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Nickel Creek Platinum has announced the completion of a drilling and geophysics programme conducted in Yukon, Canada, as part of the Nickel Shaw Project. The project involved a total of 3,300 metres of drilling, 2,000 metres of which comprised a Prefeasibility Study (“PFS”) at the Wellgreen deposit. Eight holes were drilled to support the conversion...
READ MOREThe German government has appealed to the International Seabed Authority to put deep-sea mining activities on hold while an assessment of regulations and potential environmental damage is conducted. The announcement comes after the climate activist group Ocean Rebellion staged a protest against the Hidden Gem drill ship in Rotterdam in February 2022. Spain and New...
READ MOREA new theory of iron–nickel alloy solidification has been proposed. Regulating the process of creating Invar (iron–nickel, Fe–Ni) could bring about a more uniform structure, controlled characteristics, and improved properties in the final product. Who Physicists at the Ural Federal University (UrFU) have determined that oncoming flow plays an important role in the technology for...
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