Expanding Nickel Production: Vale Indonesia’s Ambitious New Project Vale Indonesia, a notable player in the mining industry, has announced plans to significantly expand its nickel production capabilities. With an investment nearing $2 billion, the company aims to construct a cutting-edge high-pressure acid leaching plant dedicated to processing lateritic ores on Sulawesi Island. This venture underscores Vale Indonesia’s commitment to enhancing...
Palladium news
Breakthrough in Light-Emitting Materials: Palladium-Based Compounds for Next-Gen LEDs
A team of chemists has achieved a significant breakthrough by developing new light-emitting materials based on organic palladium compounds, potentially heralding a new era for LED technology. This discovery could pave the way for the next generation of LEDs, finding applications in smartphone displays, monitors, and even night vision devices. The research, backed by a grant from the Presidential Programme...
Southern Palladium Cautions on PGM Price Volatility Affecting Bengwenyama Project Sentiment
Southern Palladium expressed concerns yesterday that fluctuating prices of platinum group metals (PGM) could potentially dampen investor interest in its prominent Bengwenyama project, currently at an advanced exploration stage in South Africa’s Bushveld Complex. This revelation comes despite a 6.58% increase in the company’s share price, closing at ZAR 5.99 (USD 0.32) on the Johannesburg Stock Exchange (JSE). The company...
Sibanye Stillwater Faces $2 Billion Loss Amid Palladium Market Challenges
Sibanye Stillwater, the Montana-based palladium mining operation, has reported a substantial $2 billion loss for 2023, attributing the downturn to an oversupply in the metals market that has led to a significant slump in prices. The multinational miner, with over 1,600 employees and contractors at its East Boulder and Stillwater mines, has faced challenging market conditions for platinum group metals...
Palladium Membranes for Pure Hydrogen Production
Palladium membranes have shown great potential for the purification of hydrogen gas. As the demand for pure hydrogen continues to grow in various industries, the need for efficient and cost-effective purification methods becomes increasingly important. Palladium membranes offer a promising green solution due to their high selectivity and permeability for hydrogen gas. “Production of hydrogen from hydrocarbons remains the main...
Weekly Metals News Digest (Feb 26-March 8)
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” nickel in terms of production...
Palladium’s use in electrochemical water disinfection devices
· Palladium can be a better catalyst for water disinfection than other metals · Trials of new compounds with palladium for water purification are currently underway Clean water is the foundation of human health and the health of the planet. It is a limited resource globally, and new water treatment technologies are needed to address this pressing problem. One of...
Russia’s Gokhran to Acquire 400kg of Palladium by March 20
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 state reserves with high-value assets....
Weekly Metals News Digest (Feb 12-16)
Nickel 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 nickel output by at least...
Elevating Hydrogen Innovation: The Strategic Palladium Alliance of Heraeus and Sibanye-Stillwater
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 see both companies equally funding...