Nickel Market Innovation Proposal for Environmental Classification of Nickel Andrew Forrest, the visionary behind Australia’s Fortescue Metals Group, has put forward a transformative proposal aimed at redefining the global nickel market. He suggests the London Metal Exchange introduce a system to classify nickel supply contracts based on their environmental impact, distinguishing between “clean” and “dirty”...
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Gokhran of Russia, the governmental institution responsible for the storage of precious metals and gems, has announced its intention to purchase 400 kg of refined palladium in standard ingots for the State Fund of the Russian Federation by March 20, 2024. This move is part of the country’s strategy to augment the liquidity of its...
READ MORENickel Production Dynamics Projected Declines in Key Producing Nations The international nickel market is witnessing significant fluctuations, with a pronounced decline in prices since the previous year adversely affecting nickel miners globally, particularly in Australia. This trend is expected to extend to major producers in China and Indonesia, with forecasts suggesting a collective reduction in...
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Heraeus Precious Metals and Sibanye-Stillwater announced a partnership on February 15, 2024, to explore the potential of platinum-group metals (PGM), particularly palladium, in new applications within the hydrogen economy. The collaboration aims to develop alternative markets for palladium, leveraging its distinct properties to benefit the burgeoning hydrogen sector with technical innovations. This joint venture will...
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Belgian materials technology group Umicore is poised for a downturn in both revenue and earnings for the fiscal year 2023, impacted by the declining prices of precious metals such as rhodium and palladium, which have adversely affected its recycling operations. According to a consensus among analysts compiled by Vara Research, Umicore’s financial performance is expected...
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Initial Phase of the Recycling Project Commences Lifezone Metals, in a joint venture with a subsidiary of Glencore, has initiated Phase 1 of a significant recycling project for platinum group metals (PGMs), including platinum, palladium, and rhodium. This development follows the signing of the Subscription Agreement and the completion of funding for this initial phase....
READ MOREThe solar panel market, a rapidly growing sector in renewable energy, is on the brink of a transformative breakthrough with the discovery of a unique property of palladium. This platinum group metal, traditionally not recognized for its optical properties, has been combined with a chalcogen to form a new chemical compound that efficiently converts light...
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In the field of industrial chemistry, the synthesis of glycolic acid, a crucial component in products ranging from skincare to pharmaceuticals, has reached a significant turning point. As demand surges across various industries, the pursuit of more efficient production methods has intensified. At the forefront of this revolution is an innovative development by one of...
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Investment in New Palladium Uses Nornickel, the world’s leading supplier of palladium, has committed $100 million through 2030 to research and development of new palladium applications. This initiative is a response to the increasing demand for green technologies that harness solar, wind, and hydrogen power. Research and Development Focus Nornickel’s R&D center is focusing on...
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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