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 $2.3 billion facility in Morowali,...
The 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 notable increase in global nickel...
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 standards. Encouraging International Standards The...
Construction 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 facility, which involves an investment...
Eramet’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, allocating approximately €1.9 billion for...
New 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 reduction goals and stimulate economic...
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 feasibility study painted an optimistic...
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, a vital component for electric...
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, a steep 42% fall from...
Evaluating 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 to commence soon aims to...
