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Australia introduces tax incentive to propel critical minerals industry

Indonesia is squeezing supplies of nickel ore to protect smaller local miners as the market for the battery metal endures a prolonged slump, according to Eramet SA.

The latest report published by the World Metal Statistics Bureau (WBMS) shows that in September 2024, the global refined nickel production was 287,896 tons, the consumption was 285,062 tons, and the supply surplus was 2,834 tons.

PT Aneka Tambang Tbk. (ANTM) forecasts nickel ore production to reach 11-11.5 million metric tons by the end of 2024. This year, the state-owned mining company received a production license for up to 12 million tons of nickel ore.

On November 18th, the APNI released INPI Index

Tanzania Emerges as a Global Leader in Critical Minerals: Ranked 3rd in Africa, 6th Worldwide; Mineral Exploration Target Set to Reach 50% by 2030

Japanese battery industry is targeting cleaner nickel, cobalt and copper from Tanzania’s Kabanga Nickel project, managed by Tembo Nickel.

Nickel miner Prony Resources New Caledonia has brought its staff back onsite as it prepares to restart output after a six-month suspension triggered by riots in the French territory.