Plans for OPEC of nickel finds doubters in Australia, Canada Indonesia is the biggest producer of nickel by a wide margin and is home to around 20% of the world’s deposits of the metal. Bloomberg News | November 17, 2022 | 2:19 pm
Rio to pursue Turquoise bid after ending talks with minority shareholders Rio said it will proceed with the acquisition of the 49% stake in Turquoise and will work with the special committee for a new shareholder meeting. Reuters | November 17, 2022 | 2:12 pm
OZ Minerals backs BHP’s improved $6.5 billion offer BHP plans to splash cash on nickel exploration and a deal with OZ would give it access to projects. Reuters | November 17, 2022 | 2:05 pm
US Republicans aim to shorten EV mine permitting after House win Republican leaders had promised voters during the election they would cut the mining permit review timeline in half and boost domestic EV mining, rather than seek more supply overseas. Reuters | November 17, 2022 | 11:13 am
Vale to supply GM with nickel for EVs, starting in 2026 The Vale deal will supply GM with enough refined nickel for up to 350,000 EVs a year. Reuters | November 17, 2022 | 11:09 am
Charts: How much will coal’s transition cost? US announced a $20 billion package this week to help Indonesia shift to renewable energy. MINING.COM Staff Writer | November 17, 2022 | 10:31 am
Canada ‘very unlikely’ to join OPEC-like group for nickel – gov’t source Indonesia and Canada are the world No. 1 and No. 6 nickel producers, respectively. Reuters | November 17, 2022 | 9:59 am
Andrew Forrest commits $500 million for Ukrainian reconstruction fund The Ukraine Green Growth Initiative will focus on building out infrastructure projects in energy and communications, including a green energy grid. Reuters | November 17, 2022 | 9:50 am
LME raises initial margins on nickel by 28% after volatility A notice released on Wednesday said the initial margin for nickel would climb to $6,100 a tonne effective after close of business on Friday. Reuters | November 17, 2022 | 9:41 am
