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INPI Update: NPI down US$0.1 / DMT on February 19, 2024

On February 19th, the APNI released INPI Index.

Monday, February 19, 2024

Western Australia offers royalty relief to struggling nickel producers

Western Australia said on Saturday it would offer royalty relief to nickel producers in a bid to buoy the struggling industry.

Monday, February 19, 2024

Glencore to close, sell unprofitable New Caledonia nickel mines

The Koniambo Nickel SAS (KNS), a joint venture (JV) between Société Minière du Sud Pacifique SA and Glencore in New Caledonia, will transition into care and maintenance, it was announced on Monday.

Sunday, February 18, 2024

Indonesia, Vale agree price for divestment, minister says

Indonesia and Vale Base Metals have concluded negotiations and agreed to a price for the portion of shares the miner will sell in its Indonesian unit, the mining minister said on Friday.

Sunday, February 18, 2024

French government flags fresh funds for nickel rescue

The French government plans to offer fresh subsidies and loans for a New Caledonia nickel plant co-owned by commodities group Glencore but won’t go any further than that, Finance Minister Bruno Le Maire said on Tuesday.

Wednesday, February 7, 2024

Column: China’s refined nickel trade signals new production trends

China’s net imports of refined nickel fell to a near-decade low in 2023, capturing the tectonic shifts playing out in the global production chain.

Wednesday, February 7, 2024

Sumitomo cuts nickel output forecast in Madagascar due to system glitches

Japanese trading house Sumitomo Corp on Monday slashed its output estimate of nickel at its Ambatovy project in Madagascar due to system glitches.

Tuesday, February 6, 2024

Trafigura-backed nickel mine seeks new partner for bailout

A major nickel operation backed by Trafigura Group will need support from a new investor after the trading giant declined to contribute more funds as part of a French government rescue package for the struggling New Caledonian mining industry.

Thursday, February 1, 2024
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