Nickel Top Stories

Vale takes hit from nickel hedging amid record price spike

Miner renewed its nickel hedging program in 2022 to protect against huge price swings, but ended up losing out on $75 million in potential gains from the metal’s unprecedented rally.

Bloomberg News | April 28, 2022 | 3:02 pm

Rubio questions Volkswagen’s ties to metal suppliers in China over human rights

The probe is part of a broader debate over humanitarian issues in…

Bloomberg News | April 28, 2022 | 8:40 am

Eramet raises profit target as metal prices outweigh costs

The company reported first-quarter sales of 1.2 billion euros, up…

Reuters | April 28, 2022 | 7:42 am

Vale Indonesia, Huayou sign deal to build Pomalaa nickel plant

They will develop a facility known for a process called…

Reuters | April 28, 2022 | 7:00 am

Glencore hails trading unit outlook, cuts copper guidance

It said earnings from its marketing unit will “comfortably” top…

Cecilia Jamasmie | April 28, 2022 | 3:47 am

LME CEO says nickel reforms to be implemented ‘relatively quickly’

Trading volumes at the LME have been slowly declining primarily due to increased competition from the OTC markets.

Reuters | January 19, 2023 | 7:50 am

Nickel market surplus narrows to 9,200 tonnes in November, INSG says

During the first 11 months of the year, the global market was oversupplied by 90,700 tonnes.

Reuters | January 19, 2023 | 7:37 am

Canada Nickel confirms major discovery larger than flagship Crawford project in Ontario

All 16 drill holes completed on the Reid property have now intersected multi-hundred-metre intervals of nickel mineralization.

Staff Writer | January 18, 2023 | 9:32 am

BASF, Eramet to finalize $2.6bn partnership on Indonesia nickel smelter

The partnership would build a hydro-metallurgical complex with an output capacity of 67,000 tonnes of nickel and 7,500 tonnes of cobalt per year.

Reuters | January 17, 2023 | 6:08 pm

Nickel Industries set to raise $471m to buy nickel assets

The company will also look to collaborate with Tsingshan Group.

Reuters | January 17, 2023 | 4:43 pm

Allkem’s revenue drops on lower Mt Cattlin output

The lithium miner's revenue was $265 million for the three months.

Reuters | January 17, 2023 | 1:44 pm

FPX Nickel commences PFS on Baptiste project in British Columbia

The PFS will mark the culmination of the extensive de-risking and optimization program that has been undertaken since the issuance of the 2020 PEA.

Staff Writer | January 17, 2023 | 10:55 am

Australia raises loan to rare earths developer, announces more grants

The government raised its financial support to Hastings Technology Metals by A$80 million to account for higher costs.

Reuters | January 17, 2023 | 10:44 am

Mega miners are hunting for deals after decade on the sidelines

The industry is flush with cash after last year’s record profits, while boards and managers believe they have the support of key investors after promising to avoid the reckless overspending of the last cycle.

Bloomberg News | January 17, 2023 | 9:39 am

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