The polymetallic nodule fields in the CCZ of the Pacific represent the largest known undeveloped nickel resource on the planet.

Ontario has identified 33 critical minerals, including nickel, cobalt, lithium, and rare earth elements. It produced about C$3.5 billion worth of critical minerals in 2020.

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.