The Russian government approved a cathode active materials (CAM) facility in the Arctic. This facility will produce cathode materials, a mixture of lithium, nickel, manganese, and cobalt, essential for lithium-ion batteries used in electric vehicles. The decision to base production at the Kola Mining and Metallurgical Company, a subsidiary of the one of the world’s...
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Nornickel has announced its production results for the first half of the year and the second quarter of 2024. According to its statements, the company’s nickel smelting remained almost unchanged at 90,000 tons for January-June 2024. Copper output increased by 7% to 219,000 tons. Palladium output was stable at approximately 1.5 million troy ounces, while...
READ MORESwiss-based mining group Glencore announced a decrease in its copper production by 5% to 462,600 tons in the first half of 2024. On a like-for-like basis, this figure was 2% lower after adjusting for the sale of 15,000 tons of Cobar volumes in June 2023. The company’s own-sourced cobalt output dropped by 27% to 15,900...
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Vedanta Nico, a subsidiary of Vedanta Ltd, announced on Monday that it has entered into a partnership with US-based AEsir Technologies to supply nickel, a critical component for next-generation batteries. Nickel is essential for electric vehicle (EV) battery technology, particularly in the cathode, enhancing energy density, power output, and battery lifespan. Nickel-rich batteries, such as...
READ MOREAneka Tambang, part of Indonesia’s MIND ID, has reported solid financial performance for the first half of 2024. Despite facing global economic volatility and commodity price fluctuations, the company maintained robust production and sales levels. For the period from January to June 2024, ANTAM achieved a net profit of Rp1.51 trillion (approximately $18.12 million). This...
READ MOREAlliance Nickel plans to commence production from its NiWest battery metals project around the same time BHP Nickel West hopes to resume operations in 2027. The Perth-based company outlined its vision in a recent quarterly activities report, highlighting the difficulties facing the nickel industry as it advances its NiWest nickel-cobalt project, located 50 kilometers southeast...
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In its recent “2024 Half-Yearly Results Announcement,” Zhongwei detailed significant progress in its nickel industry projects in Indonesia. The company has established four major raw material production bases for nickel smelting in the country, with a combined capacity of 200,000 metal tons, either completed or under construction. This development ensures a reliable and autonomous supply...
READ MOREBHP Group’s ambitious project to establish a green nickel hub in Western Australia is on hold, with the mining giant announcing that its Nickel West division will be placed on care and maintenance later this year. This decision comes after significant market turmoil and depressed nickel prices overshadowed the company’s substantial investments and green initiatives....
READ MOREFirst Quantum Minerals has reduced its nickel production guidance for 2024 after deciding to mothball its Ravensthorpe operation earlier this year due to market instability. Despite maintaining its copper and gold production targets, the Toronto Stock Exchange-listed miner has adjusted its nickel targets to align with the year-to-date production at Ravensthorpe. The Ravensthorpe open-pit nickel...
READ MORELifezone Metals has announced a significant milestone in the development of the Kabanga Nickel Project in north-west Tanzania. The company successfully produced nickel, copper, and cobalt cathode samples via semi-continuous pilot scale refinery test work at its Simulus Laboratory in Perth, Australia. These metals were derived from flotation concentrate processed from borehole core samples taken...
READ MORERussian mining giant Nornickel is negotiating with several Chinese battery companies to jointly establish a nickel sulfate production plant, which will be used in manufacturing batteries for electric vehicles, Reuters reported citing unnamed sources. Nornickel approached Brunp Recycling, a subsidiary of CATL, and CNGR Advanced Material regarding this project, the agency reported. Nornickel, which produced...
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Silver has emerged as one of the best-performing asset classes year-to-date, delivering a 24.7% return, surpassing gold’s 17% gain. This impressive performance is largely driven by robust industrial demand and supply constraints. Approximately 60% of silver’s total demand stems from industrial applications. Recent years have seen a significant uptick in this demand, particularly due to...
READ MOREA recent report by consultancy S&P Global reveals that it takes nearly 29 years on average to develop a new mine in the United States, making it the second-longest process worldwide, behind Zambia’s 34-year timeline. This extended timeframe hinders U.S. efforts to increase production of critical metals like lithium and nickel, essential for the energy...
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Talon Metals announced plans to deploy Circulor’s traceability technology to ensure full transparency of its nickel and copper production processes. This initiative aims to trace the company’s nickel and copper concentrates, along with by-products such as iron compounds for LFP batteries, cobalt, platinum group metals, and gold. Circulor’s technology provides comprehensive tracking capabilities, verifying the...
READ MOREOn Thursday, aluminium prices fell to their lowest point in more than three months, while Shanghai nickel prices dropped to a four-month low, primarily due to increased production in key producing countries. On the London Metal Exchange (LME), three-month aluminium was nearly unchanged at $2,401 per metric ton by 0457 GMT, after hitting a low...
READ MOREIndonesia is rapidly expanding its nickel industry, traditionally used in stainless steel production but increasingly critical for electric vehicle batteries and clean energy projects. This growth has significant environmental and social impacts, as seen on the island of Halmahera. Librek Loha, a farmer on Halmahera, has witnessed firsthand the environmental degradation caused by the burgeoning...
READ MOREWestern Australia’s nickel sector faces a severe blow as cheap nickel from Indonesia floods the market, halving nickel prices in 2023 and dropping below $16,000 per tonne in December. Indonesia’s nickel production skyrocketed to 49% of global supply in 2023, up from less than 5% eight years ago, according to Benchmark Mineral Intelligence. Impact on...
READ MOREChinese Aluminum Producers Eye Belarus for Expansion Intentions Announced Around 20 Chinese producers of aluminum semi-finished products have announced plans to cooperate with the Belarusian Universal Commodity Exchange during a recent meeting with its management. Current Market Dynamics Aluminum products such as pipes, sheets, foil, and profiles are currently sold through this platform. These products...
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The impending closure of BHP’s nickel operations in Western Australia is set to create significant impacts across the sector, with some experts predicting it could signal the decline of the Australian nickel industry. BHP announced on Thursday that it would suspend operations at the Kwinana nickel refinery in Perth, the Kalgoorlie smelter, and its major...
READ MORELynas Rare Earths has raised concerns about the potential disruption in the supply of sulphuric acid to its Kalgoorlie processing facility following BHP Group’s announcement to suspend its Western Australia nickel operations starting October. BHP, the world’s largest-listed miner, cited a decline in metal prices and an oversupply issue in the global market as reasons...
READ MORENornickel is in talks with China Copper to establish a joint venture aimed at relocating the Copper Plant’s smelting operations from Norilsk to China Reuters reported citing unnamed sources. This collaboration would involve building a new smelting facility in China. As one of the world’s leading producers of nickel, copper, platinum, and palladium, Nornickel produced...
READ MOREBHP has announced a temporary suspension of its Nickel West operations and the West Musgrave project, collectively known as Western Australia Nickel, starting in October 2024. This decision comes in response to an oversupply in the global nickel market, with forward consensus prices projected to decline significantly due to the growth of alternative low-cost nickel...
READ MOREFrench mining company Eramet has announced plans to increase its investment in Indonesia, exploring potential partnerships to produce battery-grade nickel in the country. This move follows the collapse of a similar project with German chemical giant BASF in late June. Eramet Indonesia Director Bruno Faour revealed that the company is actively seeking opportunities to invest...
READ MOREArdea Resources has initiated a $98.5 million definitive feasibility study (DFS), fully funded by a Japanese consortium, for its expansive Goongarrie Hub nickel project located 70km northwest of Kalgoorlie in Western Australia’s Eastern Goldfields region. This funding deal involves Japanese industry giants Sumitomo Metal Mining and Mitsubishi Corporation, who will receive a 50% stake in...
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