Category: Nickel
Nickel is dancing to a new electric (vehicle) beat
LONDON, Aug 15 (Reuters) – The world used almost 2.2 million tonnes of nickel last year. Around two thirds of that metal was absorbed by the stainless steel industry, which uses it as a key alloying agent. Stainless steel production...
Electric car bets boosting nickel demand, Nornickel says
MOSCOW, Aug 13 (Reuters) – Expectations of a boom in demand for electric vehicles are leading investors and battery makers to stockpile nickel and helping to fuel a spike in global prices of the metal, Russian mining company Norilsk Nickel said on...
LME to trial electronic closing prices for nickel next year
LONDON, Aug 1 (Reuters) – The London Metal Exchange (LME) launched on Wednesday a consultation to trial in the first quarter of next year the use of its electronic system to determine closing prices of the three-month nickel contract instead...
Vale's Q2 capex reaches lowest level since '05
Vale announced an adjusted EBITDA of US$3.9 billion in Q2 with iron ore production of 96.8 tonnes and sales of 86.5 tonnes. Iron ore production was 4.9 tonnes higher than the same period a year ago. Vale’s net operating revenues were...
Nickel is new headache for automakers as cobalt fears abate
Locking in supplies of key battery raw materials lithium and cobalt has been a headache for electric car manufacturers, but these days it’s the supply of nickel and graphite that’s keeping them up at night. Carmakers bracing for a surge...
Miners wrote off almost one-third of investments over last decade
While global miners invested almost $1 trillion in major projects over the last decade, almost one-third of that — $273 billion to be precise — was written off, research from Morgan Stanley shows. In a study carried out in conjunction with...
Rio Tinto sells $3.5bn stake in Grasberg mine to Indonesian state miner
World’s No.2 miner Rio Tinto (ASX, LON, NYSE: RIO) said Thursday it had sold its 40% stake in the giant Grasberg mine, the world’s second largest copper operation, to Indonesia’s state mining company PT Inalum for $3.5 billion. The deal is...
Electric vehicle demand will double nickel price – as soon as 2022
After a gravity-defying run, nickel has now also succumbed to weakness in the industrial metals complex as global trade fears mount, declining to $14,125 per tonne on Monday. The metal, mainly used in stainless steel manufacture, is down 10% or...
CHART: Copper, nickel, zinc prices – plenty upside just to revert to mean
Metals and minerals prices have come a long way since hitting multi-year lows late-2015, early 2016. Copper is up by nearly half, recent weakness notwithstanding. Zinc’s nearly doubled since then and nickel bulls (suddenly aplenty) have achieved the same for...
Eramet searches for lithium deposits in Chile, Argentina, Brazil – CEO
TOKYO, July 5 (Reuters) – French miner Eramet SA is looking to acquire lithium deposits in Chile, Argentina and Brazil to expand its portfolio into the minerals used in batteries for electric vehicles, its chief executive said on Thursday. “Our...
Automaker shares soar on U.S. proposal to eliminate tariffs
(Bloomberg) — Shares in European carmakers are having their best trading day in two years after a U.S. official floated a proposal to eliminate vehicle-import tariffs on both sides of the Atlantic. German auto-industry executives met with U.S. Ambassador to...
Noront Resources seeks exploration partner
Toronto-based Noront Resources (TSXV:NOT) has started discussions with gold producers in Canada and elsewhere with the idea of striking a joint partnership to explore for gold. Interviewed by the Financial Post, Noront CEO Alan Coutts said that the move is...