Canada Nickel Company (TSXV: CNC) has received Canadian government backing for C$4.38 million in funding to support the development of the company’s Crawford nickel sulphide project in Ontario.
The global nickel market is poised for a larger surplus next year, driven by continued production expansion in Indonesia, Japan’s largest nickel smelter Sumitomo Metal Mining said on Wednesday.
Indonesian state-controlled miner PT Aneka Tambang (Antam) has acquired a 30% stake worth $102 million in a smelter owned by a subsidiary of Chinese stainless steel giant Tsingshan Holding Group, the company said in an exchange filing.
Vale (NYSE: VALE) is considering a potential public listing for its base metals unit by the end of 2026, according to the chair of Vale Base Metals (VBM), Mark Cutifani.
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