Glencore in ‘hiring frenzy’ as it readies to restart Lady Loretta zinc mine

The dispute centers on the federally owned Oak Flat Campground, which some Apache consider home to deities and which sits atop a reserve of more than 40 billion pounds of copper.

Indonesia is the biggest producer of nickel by a wide margin and is home to around 20% of the world’s deposits of the metal.

Rio said it will proceed with the acquisition of the 49% stake in Turquoise and will work with the special committee for a new shareholder meeting.

BHP plans to splash cash on nickel exploration and a deal with OZ would give it access to projects.

The Vale deal will supply GM with enough refined nickel for up to 350,000 EVs a year.

Indonesia and Canada are the world No. 1 and No. 6 nickel producers, respectively.

A notice released on Wednesday said the initial margin for nickel would climb to $6,100 a tonne effective after close of business on Friday.

The huge 36-meter-diameter sinkhole opened up in late July in the Tierra Amarilla commune.

The LME said last week it will not ban Russian metal from being traded and stored in its system.