INSG’s latest forecasts cold comfort for nickel producers – by Andy Home (Reuters – April 25, 2024)
Republic of Mining » Nickel
by Stan
5d ago
https://www.reuters.com/ London, April 25 (Reuters) – Nickel has rallied hard this month, clawing back some of the territory lost during its relentless price slide over the course of 2023. London Metal Exchange (LME) three-month nickel touched $19,775 per metric ton on Monday, the highest it has traded since September last year. Last at $19,045 per ... Read more ..read more
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Nornickel moves production to China to circumvent sanctions – by Thomas Nilsen (Barents Observer – April 24, 2024)
Republic of Mining » Nickel
by Stan
5d ago
https://thebarentsobserver.com/en/ War sanctions bite hard on Russia’s Arctic mining and metallurgical giant producing nickel and copper on the Kola Peninsula and in Norilsk. Vladimir Potanin, the main shareholder of mega-polluter Nornickel, admits in a remarkable statement with Kremlin’s information agency Interfax that Western sanctions reduces the company’s revenue by up to 20%. To circumnavigate sanctions, ... Read more ..read more
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Magna gets the all-clear to begin test mining in Sudbury – by Staff (Northern Ontario Business – April 23, 2024)
Republic of Mining » Nickel
by Stan
1w ago
https://www.northernontariobusiness.com/ Hometown mine builder on a fast pace to put former INCO asset back into early production by year’s end Seventeen months after acquiring a dormant INCO nickel and copper mine in Sudbury, Magna Mining said it’s ready to begin test mining later this year. The hometown mine developer announced April 23 it has all ... Read more ..read more
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The nickel price crash and the road to recovery in Australia – by Annabel Cossins-Smith (Mining Technology – April 23, 2024)
Republic of Mining » Nickel
by Stan
1w ago
https://www.mining-technology.com/ Miners in Australia are feeling the brunt of the global nickel price crash, from mine closures to forecast reductions and government intervention. How did things get so bad and is recovery possible? Annabel Cossins-Smith investigates. The global nickel market has been volatile for years now. The price rollercoaster of 2022 saw prices for the ... Read more ..read more
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Chinese Nickel Billionaire Boosts Australian Miner in Indonesia – by Eddie Spence and Alfred Cang (Bloomberg News – April 22, 2024)
Republic of Mining » Nickel
by Stan
1w ago
https://www.bnnbloomberg.ca/ (Bloomberg) — A little-known Australian company is becoming the Western face of a Chinese nickel behemoth. In under a decade, Nickel Industries Ltd. has gone from a relatively small miner to the world’s sixth-biggest producer of a metal used in products from batteries to stainless steel. Riding a Chinese-led boom in Indonesia’s nickel sector, ... Read more ..read more
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Canada and allies considering trade measures against China and Indonesia over manipulation of nickel market, Freeland says – by Niall McGee (Globe and Mail – April 24, 2024)
Republic of Mining » Nickel
by Stan
1w ago
https://www.theglobeandmail.com/ Deputy Prime Minister Chrystia Freeland says Canada and its allies are weighing taking trade action against China and Indonesia in the nickel market, as the two Asian countries tighten their collective grip in the critical mineral. Indonesia has gone from supplying 7 per cent of the global output of nickel to 55 per cent ... Read more ..read more
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Nickel resources grow at Timmins exploration site – by Ian Ross (Northern Ontario Business – April 19, 2024)
Republic of Mining » Nickel
by Stan
1w ago
https://www.northernontariobusiness.com/ Aston Minerals endowed with both gold and nickel deposits at its Edleston Project A promising new nickel sulphide project in the Timmins area is growing in size and tonnage. Aston Minerals has released a new mineral estimate of its two deposits at its Edleston Project, showing a 44 per cent bump in the indicated ... Read more ..read more
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Russia’s Nornickel says new Western sanctions raise risk of metals market disruption – by Anastasiya Lyrchikova (Reuters/XM.com – April 16, 2024)
Republic of Mining » Nickel
by Stan
1w ago
https://www.xm.com/ This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, April 16 (Reuters) -U.S. and British sanctions imposed on Russian nickel, copper and aluminium will further increase price volatility and supply uncertainty, Russian metals-producing giant Norilsk Nickel said on Tuesday. In their latest round of Ukraine-related ... Read more ..read more
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New Sanctions on Russia to Drive Even More Metals Sales to China – by Alfred Cang (Bloomberg News – April 15, 2024)
Republic of Mining » Nickel
by Stan
2w ago
https://www.bnnbloomberg.ca/ US and UK sanctions on Russian metals will cement China as Moscow’s buyer of last resort for key commodities, and enhance Shanghai’s role as a venue to set prices for materials crucial to the global economy. The London Metal Exchange’s ban on newly produced Russian aluminum, copper and nickel is likely to drive Chinese ... Read more ..read more
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Green Rush panel: Is there willingness to pay a premium for responsibly sourced minerals? (Kitco.com – April 9, 2024)
Republic of Mining » Nickel
by Stan
2w ago
https://www.kitco.com/ (Kitco News) – Environmental, social, governance (ESG) initiatives are further delaying mining projects while critical metals are in high demand, creating tension within the mining industry, says Matt Watson, founder of Precious Metals Commodity Management LLC. The other problem is that metals necessary for the green transition are difficult to process, namely nickel, cobalt ... Read more ..read more
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