Voisey’s Bay underground expansion delivers first ore

Nickel fell by the maximum allowed for a second day as the market seeks to reset from last week’s historic short squeeze.

You can tell the London Metal Exchange is new to price limits, writes Andy Home.

The joint project would produce black mass, a metal concentrate containing nickel, cobalt, manganese, lithium and graphite that is suitable for hydrometallurgical refining.

Other carmaker members of IRMA include General Motors and Ford.

“The world’s growing reliance on minerals and metals in the transition to a clean energy future is exceeding current extraction capabilities."

The government has asked steel, nickel and aluminum producers to maintain low prices at home.

The German manufacturer will produce lithium-ion batteries at the new Bibb County plant, and start making all-electric EQS and EQE sport utility models at its existing factory in Tuscaloosa in the coming months.

Russia is a key supplier of oil, natural gas, coal, aluminum and nickel, while Ukraine is a major grain producer.

Antam's 2021 nickel ore output increased 131.3% to 11.01 million tonnes, versus 4.76 million tonnes in 2020.