Nickel Industries posts record quarterly output, unveils $100m buyback plan

Iron ore magnate Andrew Forrest said recently the LME should classify its nickel contracts into "clean" and "dirty" to give customers more choice.

The deal would give Ganfeng more access to resources in Argentina.

CEO Neal Froneman said Sibanye may consider a capital raise if the lower metal prices persist for longer.

Cheap Indonesian nickel, controlled by China and dumped on the market, has collapsed nickel prices and forced global mine closures.

The partnership will help finance Frontier's PAK Lithium Project mine in Ontario and a planned lithium chemicals conversion facility.

Several hundred million euros of debt will be removed from its loss-making nickel subsidiary SLN.

The countries have agreed to promote shared priorities related to the extraction, processing and refining of critical minerals.

Rio Tinto is developing the Rincon project, a lithium-brine mine in Argentina.

China's LFP capacity will reach 5.75 million metric tons in 2025, while global demand is estimated to be about 2.67 million tons that year.