Norsk Titanium has secured ongoing funding from the US Department of Defense (DoD) to enhance its production capabilities for nickel superalloy components using its proprietary Rapid Plasma Deposition (RPD) technology. This funding aims to refine the manufacturing process for these components, which are widely used in the defense and oil and gas sectors for their...
READ MOREA critical minerals agreement with the United States could help reduce the Philippines’ dependence on Chinese and Indonesian exports and enable the country to focus on producing nickel suitable for battery use, according to Nickel Asia Corp. President and CEO Martin Antonio G. Zamora. Speaking at the Pilipinas Conference 2024, Zamora explained that China, the...
READ MOREJérôme Baudelet, CEO of nickel producer Eramet Indonesia, predicts that Indonesia will become the world’s largest nickel producer in the next decade, thanks to significant increases in production volumes. In 2023, Indonesia supplied 55% of the world’s total nickel production, highlighting the country’s growing influence on the global nickel market. Baudelet expects that by 2034,...
READ MOREZhejiang Huayou Cobalt, among the largest nickel producers globally, is in discussions with banks for $2.7 billion in financing for its Ford-backed battery-grade nickel project in Indonesia, sources familiar with the matter have indicated. The project aims to boost nickel production for electric vehicles. HSBC and Standard Chartered are arranging the loan and inviting additional...
READ MOREWith the United States aiming for greater energy independence, Alaska’s mineral-rich deposits could play a crucial role in reducing reliance on imports. Amid this rising demand, Canadian mining company Alaska Energy Metals (AEM) is focusing on exploring Alaska’s underground nickel deposits, seeing it as a strategic opportunity to bolster the domestic supply chain. Greg Beischer,...
READ MORESouth Korean battery materials producer L&F Company announced plans to begin production of nickel-cobalt-manganese (NCM) cathodes for battery electric vehicles (BEVs) by the end of 2024. The new cathodes will feature 95% nickel content, the highest used so far in BEV battery cathodes. The company made the announcement during its third-quarter earnings presentation, revealing a...
READ MORENornickel released its production results for the first nine months and the third quarter of 2024, showing mixed trends across different metals. From January to September 2024, nickel production rose by 0.3%, reaching 146.2 thousand tons, while copper output increased significantly by 7%, totaling 326.1 thousand tons. Palladium production also saw a slight increase of 1%, totaling...
READ MORENickel Industries is strengthening its position as a major global nickel resource holder through strategic acquisitions in Indonesia. In August 2024, the company acquired the Sampala project and a 51% stake in the Siduarsi project, amid a severe nickel ore shortage in Indonesia. This shortage has driven a 45% increase in local nickel prices since...
READ MOREJapanese trading house Sumitomo announced on Thursday that it had resumed production at the Ambatovy nickel and cobalt project in Madagascar at the end of October, following a pipeline issue in September. While production has restarted, the company is currently reviewing future output volumes. Sumitomo has faced challenges stabilizing production and improving profitability at Ambatovy,...
READ MOREStillwater Critical Minerals has signed a Letter of Intent (LOI) with Granite Creek Copper, allowing Granite Creek to acquire a 90% interest in the Duke Island copper-nickel-platinum-palladium (Cu-Ni-PGE) project. The all-share transaction aligns with Stillwater’s strategic focus on its flagship Stillwater West project in Montana. The Duke Island project, located in the Alexander Platinum Belt...
READ MOREAccording to an October 23 report, despite the ongoing closure of nickel mines in Australia, raw nickel production in the Asian market has continued to rise into the fourth quarter of 2024, leading to weak pricing. Declining sales of power batteries in China and subdued demand for stainless steel have further contributed to a bearish...
READ MORENickel prices are expected to remain under pressure due to a substantial market surplus and the recent discovery of nickel at the Wedei prospect in Papua New Guinea (PNG), according to analysts. Research agency BMI, a unit of Fitch Solutions, has revised its 2024 forecast for nickel prices down from $18,000 per tonne to $17,300...
READ MORENickel prices are expected to remain under pressure as the market struggles with a substantial surplus and new supply prospects. Analysts point to the recent discovery of nickel at the Wedei prospect in Papua New Guinea (PNG), which has contributed to the challenging market conditions by increasing production and exacerbating oversupply concerns. “Our nickel price...
READ MOREIndonesia plans to begin exporting nickel-based materials for electric car batteries to the United States in November, marking a significant step in the country’s expanding role in the global electric vehicle (EV) supply chain. Energy Minister Bahlil Lahadalia announced that these precursor materials for battery production would be supplied to Tesla, although details on the...
READ MOREThe Philippines’ nickel production is expected to rebound next year, driven by increased demand for the metal, better weather conditions, and a more favorable policy environment with the anticipated enactment of a rationalized mining fiscal regime. Dante Bravo, a member of the board of trustees of the Chamber of Mines of the Philippines and president...
READ MOREPhilex Mining, led by chairman Manuel Pangilinan, announced that it is exploring a potential nickel mining site in Pangasinan, as part of its efforts to capitalize on the increasing demand for nickel, driven by the global transition to clean energy. Philex president and CEO Eulalio Austin revealed that the company has a pending application for...
READ MORENickel ore producer Global Ferronickel Holdings (FNI) is in discussions with two foreign companies, one from Asia and the other from Europe, to set up a nickel processing facility in the Philippines, according to FNI President Dante R. Bravo. The talks were disclosed on the sidelines of a mining forum on Thursday. FNI operates nickel...
READ MOREVale announced on Wednesday, October 16, in a statement to the Brazilian Securities and Exchange Commission (CVM), that the power supply to the Onça Puma plant was re-established on Tuesday night, October 15, as anticipated. According to the mining company, ramp-up of operations has now begun, with normalization of activities expected over the next few...
READ MOREEramet, the mining group, announced that it will not meet its 2024 manganese and nickel production targets. This news caused a sharp decline in the company’s stock price, which fell by 14% on Wednesday, October 16, reaching €56.7 and making it the biggest decliner in the SBF 120 index. Eramet revised its manganese production forecast...
READ MOREThe only surprising aspect of Australian resources giant BHP’s July-September (Q1) production results was better-than-expected nickel production, according to Citi analysts. BHP’s currently shuttered nickel operations produced 19,600 tonnes, 35% more than Citi had expected. Other than that, the company stated that its performance was “broadly in line with expectations” and that “there are no...
READ MOREFPX Nickel has successfully completed pilot-scale hydrometallurgical refinery testwork, producing battery-grade nickel sulphate from its Baptiste Nickel Project. This development represents a significant step forward in demonstrating the technical feasibility of refining awaruite concentrate at the Baptiste site. The testwork campaign was partially funded by a grant from Natural Resources Canada under the Government of...
READ MOREShanghai 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...
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