The Russian invasion of Ukraine, covid-related supply chain disruptions, and rising inflation have all fuelled a narrative that the clean energy transition will be highly inflationary.
Miner renewed its nickel hedging program in 2022 to protect against huge price swings, but ended up losing out on $75 million in potential gains from the metal’s unprecedented rally.
They will develop a facility known for a process called high-pressure acid leaching (HPAL), with a potential mixed hydroxide precipitate production capacity of 120,000 tonnes of nickel content per year.