IGO to record impairment against nickel assets in strategy shift
IGO has been undertaking a strategic review in an attempt to revaluate its resources.
Global commodities research firm CRU announced Wednesday it has appointed industry veteran Angela Durrant as principal base metals analyst in their Sydney, Australia office.
Durrant is a CRU alumna with over 20 years of experience in the field and will be leading the nickel asset service. With a global remit extending across the entire nickel value chain, Durrant will also be a key contributor to CRU’s newly released battery value chain service.
Amidst the current oversupply of nickel and resultant price crash, producers are battling to manage the twin pressures of plummeting prices and spiralling costs to remain commercially viable.
In her new role, Durrant will be an adviser to CRU clients as they navigate this immediate challenge as well as those that will arise from mid- to long-term structural market oversupply.
Durrant previously worked for CRU in London until 2007, before relocating back to Sydney and taking up a role at Wood Mackenzie, where she held the position of senior research manager, nickel industry costs.
“I am delighted to welcome Angela back to CRU. Having spent over two decades working in the nickel industry, and over ten years in Australia, she brings with her a deep knowledge of the region’s nickel market and emerging global demand drivers, such as the battery industry,” CRU’s head of base and battery metals Simon Morris said in a news release.
