Category: Nickel

Planetary Resources a step closer to mining asteroids with spacecraft launch

US-based Planetary Resources is now a step closer to begin mining asteroids as it successfully launched Thursday night its Arkyd-6 spacecraft, the company’s second technology for celestial bodies-observing tests. The Redmond, Washington-based firm had been working on its Arkyd-6 imaging satellite for years...

/ January 13, 2018

Nickel prices will continue to fall: BMI

A new report by BMI research says that refined nickel prices will continue to lose steam in the coming months due to increased supply from Indonesia, subdued demand from China and fading overly-optimistic demand expectations from electric vehicle production. “We...

/ January 4, 2018

Brazilian miner Vale says entering new era of big dividends

SAO PAULO, Dec 22 (Reuters) – Vale is entering a period in which it plans to pay out big dividends, Chief Executive Officer Fabio Schvartsman said on Friday at an event commemorating the Brazilian miner’s inclusion in the Sao Paulo...

/ December 23, 2017

Russia's Nornickel opens $2.5 bln credit line for refinancing

MOSCOW, Dec 18 (Reuters) – Russian nickel and palladium producer Norilsk Nickel has opened a five-year credit line worth up to $2.5 billion with a syndicate of international banks, Norilsk said in a statement on Monday. The proceeds will be...

/ December 19, 2017

Glencore is the tempting devil sat on mining's shoulder: Gadfly

The mining industry these days resembles that old cartoon about a person torn between prudence and temptation. On one shoulder, a white-clad angel is whispering about the virtues of capital discipline, shareholder value and generous dividends. On the other sits...

/ December 14, 2017

This is how much copper, nickel, cobalt an electric vehicle world needs

Cobalt briquettes, Nikkelverk, Norway. Image: Glencore Glencore’s investor day on Tuesday painted a positive picture not just of the Swiss miner and commodities trader’s business but also had good news for the mining industry as a whole. Glencore commissioned CRU...

/ December 13, 2017

COLUMN-Vale's reality check for nickel's electric vehicle dreams: Andy Home

LME nickel price long term LONDON, Dec 12 (Reuters) – Nickel is one of the materials expected to win from the coming electric vehicle (EV) revolution. Electric vehicles will be powered by lithium-ion batteries, which need cobalt and nickel. Indeed,...

/ December 13, 2017

Cobalt 27 spree sends cobalt price to fresh 9-year high

Investors punished Cobalt 27 Capital Corp (TSX_V:KBLT) on Friday following the company’s announcement of bought deal financing at a steep discount to its ruling share price. Shares in the Toronto-based company were marked down nearly 12% and were still hovering...

/ December 12, 2017

Vale to mothball New Caledonia mine if no stake buyers found, CEO says

Vale (VALE +0.5%) would mothball its nickel project on New Caledonia next year if it does not find a strategic partner prepared to purchase a 20%-40% stake, says CEO Fabio Schvartsman of the mine, which cost billions of dollars to build and has...

/ December 9, 2017

Four charts show why cobalt supply is tightening

[Editor’s note: Adapted from recent McKinsey report, The Future of Nickel: A Class Act] Lithium batteries have a variety of blends that entail many improvements and trade-offs. The EV industry developed the NMC mix, which has less cobalt than lithium-cobalt-oxide...

/ December 1, 2017

Mike Beck: nickel, cobalt, and lithium to benefit from generational demand shift in commodities

Mike discusses the electric vehicle market and how the consensus view is that they are getting close to parity in price with combustion engine vehicles. The E.U., USA, Japan, and China markets will all reach price parity within six years...

/ November 23, 2017

Russia miner Nornickel sees capex rising by 2019-2020

LONDON/MOSCOW, Nov 20 (Reuters) – Russia’s Norilsk Nickel plans to increase capital expenditure to an average of $2.3 billion to $2.5 billion a year in 2019 and 2020 from about $2 billion in 2018 due to an environmental project and...

/ November 21, 2017