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Nornickel cut global nickel oversupply forecast

In 2024, Nornickel expect the nickel market to sustain a surplus of around 100 kt Ni (vs 190+ kt forecasted for the year in the previous issue of our report), with the most of it still represented by low-grade nickel.

Monday, June 3, 2024

Alaska Energy Metals expands footprint in Canada with Québec acquisition

Alaska Energy Metals (TSXV: AEMC) last week announced its intent to acquire 100% interest in the 3,320-hectare Bambino nickel-copper- platinum group element property in Québec, expanding its footprint in the province, which has become an exploration hotbed for...

Monday, June 3, 2024

Zimbabwe Set to Construct US$13bn Mapinga Mines to Energy Industrial Park in June

In a significant move to harness the benefits of the green revolution, the Zimbabwean government has announced that construction for Phase 1 of the Mapinga Mines to Energy Industrial Park will commence in June.

Friday, May 31, 2024

Anglo starts formal divestment of coal, nickel after rebuffing BHP, CEO says

Anglo American is starting a formal process to sell its coal assets and explore options for its nickel operations after fending off a takeover threat from bigger rival BHP Group, CEO Duncan Wanblad said on Thursday.

Friday, May 31, 2024

Nornickel forecasts lower global nickel surplus, bigger palladium deficit

Russian mining and metals giant Nornickel on Thursday lowered its forecast for the global nickel surplus this year, but said it expected a bigger global palladium deficit.

Friday, May 31, 2024

Wyloo Metals to build battery materials processing plant in Ontario

Wyloo Metals, the privately held battery resources unit of Australia iron ore baron Andrew Forrest, has entered into a memorandum of understanding (MOU) with the City of Sudbury in Ontario to secure a parcel of land to build a downstream battery materials proc...

Thursday, May 30, 2024

Vale moves closer to deal for Onca Puma nickel mine to resume operations

Vale and the Brazilian state of Para have moved closer to an agreement that could allow the mining group to resume operations at its Onca Puma nickel mine.

Wednesday, May 29, 2024

LME approves listing of first Indonesian nickel brand

The London Metal Exchange (LME) has approved the listing of the first Indonesian brand which can be delivered against the exchange’s primary nickel contract, it said on Thursday, strengthening the selling power of the world’s largest miner.

Friday, May 24, 2024
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