Column: INSG’s latest forecasts cold comfort for nickel producers

The deal also will help Osino fast-track development of the wholly owned Twin Hills gold project in central Namibia.

Alumina owns about 40% of of Alcoa World Alumina & Chemicals, the world’s largest producer of the metal.

The fuel used in steelmaking has quietly been a top performer in the energy commodity space in recent months.

Research shows that Canada’s eight largest pension funds hold some $2.1 trillion in assets but only a quarter was invested in the country.

Going into 2024, it is likely that miners will release into the market at least some excess stock they hold on any sign of a demand recovery.

Aluminum retreated as much as 1.1% on Friday, while nickel pared an earlier advance of as much as 1.2%.

The miner reported record annual revenue of $1.69 billion.

Gold has drifted out of favor in recent months, overshadowed by the glitzy AI stock-market bubble.

Fund managers have been scaling up short positions on zinc, betting that this year's weakest base metals price performer has further downside.