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Global nickel prices may have hit a floor, according to a Macquarie analyst who sees a market recovery driven by strong demand from the steel sector and as a surplus of ore supplies shrinks after Indonesia slowed production permits.

An admission letter from the University of Science and Technology Beijing (USTB) made from steel as thin as a cicada's wings has impressed many.

The Smederevo steel plant in Serbia, once on the verge of closure, was revitalized by a 2016 partnership between China's HBIS Group and the Serbian government under the Belt and Road Initiative.

South Korea has struck deals with Kazakhstan to allow its firms to explore for critical minerals in the Central Asian state, it said on Wednesday, as the home to major chip producers and leading carmaker Hyundai moves to diversify its supply chains.

New Caledonia’s nickel processing industry remains at a virtual standstill after weeks of unrest in the southern Pacific territory, with Eramet-owned SLN keeping its smelter at minimum capacity and Prony Resources halting its plant.

China’s Tsingshan, the world’s biggest nickel producer, is planning to register 50,000 metric tons capacity of nickel cathode on the London Metal Exchange (LME) in the second half of 2024, a company official said on Wednesday.

Nornickel’s flagship enterprise is undergoing a large-scale reconstruction of its pyrometallurgical production, which will significantly improve the reliability of the technological process.

The Indonesian government is conducting a comprehensive evaluation regarding the termination of permits for the RKEF smelters which make products in the form of ferronickel and nickel pig iron, a mining ministry official said on Tuesday.