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Prices of nickel ore in top global producer Indonesia have surged about 10% in recent weeks, say local buyers, after an investigation into mining quotas disrupted production of the metal used in stainless steel and batteries.

MMC Norilsk Nickel PJSC has established an office in Dubai, becoming the largest Russian metals and mining firm to set up in the United Arab Emirates following the Kremlin’s war in Ukraine.

A consortium of Ford Motor Co and South Korean companies on Thursday said they would build a C$1.2 billion ($887 million)plant to produce electric vehicle (EVs) battery materials in Becancour, Quebec, a town seeking to become an EV-supply-chain hub, Canada’s ...

Nickel company Panoramic Resources will be looking to expand its portfolio within the next 12 to 18 months, MD and CEO Victor Rajasooriar said.

Horizonte Minerals Plc (AIM: HZM | TSX: HZM) has reported good progress on the construction of its wholly-owned Araguaia Nickel Project. The company is targeting its first metal in Q1 2024.

Australia’s Nickel Industries said on Monday it would seek shareholder approval for a A$943 million ($620 million) share placement to pursue growth opportunities including potential expansion at its Excelsior Nickel Cobalt (ENC) project in Indonesia.

Nickel miner Vale Indonesia is planning to divest 14% of its stake this year to fulfill divestment rules, Indonesia’s mining minister Arifin Tasrif told reporters on Friday.

Russian miner Nornickel said on Wednesday that Asia had become the company’s largest market in terms of revenue for the first time, as it posted a 79% year-on-year drop in first-half net profit after key metals prices declined.