Norway is one of the first countries to formally authorize seabed mining activities in its waters after its parliament backed plans in January to prospect for minerals.

The mine is the first to operate with desalinated water in an area of the country that has suffered a 15-year drought.

Prices rose as much as 2.5% to $2,571.50 a metric ton on the LME.

The nickel market surplus widened last year to 238,800 tonnes from 103,900 tonnes in 2022.

The suspension could exacerbate a tightened supply of zinc concentrates.

The metal has gained more than 10% over the past six weeks, boosted by supply risks.

Under the proposed deal, the French state would subsidize energy prices alongside local authorities up to 200 million euros a year.

BC invested $630,000 from the Province’s Innovative Clean Energy Fund in cleantech startup pH7 Technologies to conduct a pilot project.