Category: Nickel

LME rethinks cobalt contract for electric vehicle sector

LONDON, March 9 (Reuters) – The London Metal Exchange has abandoned plans for a cobalt sulphate contract for the electric vehicle battery supply chain because pricing for the chemical has historically been based on the metal it is derived from,...

/ March 10, 2018

Daimler's R&D chief sees nickel rich batteries gaining traction

GENEVA, March 6 (Reuters) – The car industry is moving towards making electric car batteries with a higher ratio of nickel, Ola Kaellenius, Daimler board member responsible for research and development, said on Tuesday. High cobalt prices have been pushing...

/ March 7, 2018

Finland's former Talvivaara files for bankruptcy

HELSINKI, March 6 (Reuters) – Finland’s Ahtium Oyj , previously named Talvivaara Mining Company, which ran a troubled nickel mine in northern Finland, has filed for bankruptcy after failing to secure financing for future projects, it said on Tuesday. Ahtium...

/ March 7, 2018

Eramet eyes expansion in electric vehicle metals

PARIS, Feb 20 (Reuters) – Eramet Chief Executive Christel Bories said on Tuesday that the French mining group is looking to expand in minerals like cobalt, lithium and nickel salts linked to energy transition markets like electric vehicles. Eramet is...

/ February 21, 2018

Co-owners of Russia's Nornickel back in fight for control

MOSCOW/LONDON, Feb 16 (Reuters) – A power struggle over Norilsk Nickel (Nornickel) resurfaced on Friday as billionaire Vladimir Potanin offered to buy Roman Abramovich’s stake in the mining group, and a third businessman – Oleg Deripaska – tried to block...

/ February 20, 2018

Deripaska takes on Potanin as mining tycoons battle in court

(Bloomberg) — A deal that kept the peace at Russia’s biggest mining company for more than five years is starting to fray, leaving three billionaires fighting over the next move. Attorneys for Oleg Deripaska, Vladimir Potanin and Roman Abramovich faced off...

/ February 17, 2018

Bluejay Mining seeks pigment riches as Greenland's ice retreats

Feb 5, CAPE TOWN (Reuters) – Bluejay Mining aims to achieve commercial output of the world’s highest grade deposit of ilmenite, used in paint and toothpaste, in Greenland next year, now climate change has provided access to minerals once buried...

/ February 6, 2018

Nickel crops most in two months as dollar rally fuels fund sales

(Bloomberg) — Nickel plunged by the most in two months in London as unexpectedly strong US jobs data triggered a spike in the dollar and a selloff across base and precious metal markets. Nickel prices slumped as much as 5.8 per...

/ February 3, 2018

Russia's Nornickel says palladium output may fall in 2018

MOSCOW, Jan 31 (Reuters) – Norilsk Nickel (Nornickel), the world’s largest palladium producer, said on Wednesday its production of palladium could decline in 2018, while the output of nickel from Russian raw material would remain flat. Nornickel, part-owned by Russian...

/ February 2, 2018

First Quantum's nickel output down 24 pct in 2017

LONDON, Jan 29 (Reuters) – Nickel output by First Quantum Minerals fell 24 percent to 17,837 tonnes last year from 23,624 tonnes in 2016, the company said in a preliminary production and sales report. The Canadian miner suspended operations at...

/ January 30, 2018

The periodic table of commodity returns

If for some reason, you still think that the commodity markets are predictable, today’s chart provides a nice piece of humble pie. The Periodic Table of Commodity Returns, which comes to us annually from our friends at U.S. Global Investors, shows...

/ January 19, 2018

Metals power higher as sickly dollar spurs copper-to-gold rally

(Bloomberg) — Copper jumped by the most in two months and zinc hit a fresh decade-high as base metals rallied on a potent combination of a softer dollar, dwindling inventories and continued robust outlook for demand. Palladium rallied to a new...

/ January 16, 2018