Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Indonesia is now considering deep cuts to nickel mining quotas as it seeks to boost slumping prices of the metal.
Metso has been contracted by India’s Hindalco Industries, a global leader in aluminum and copper, for the supply of engineering and key equipment for a new precious metals refinery to be built in the state of Gujarat.
This state-of-the-art refinery will be associated with the new e-waste recycling plant that Hindalco is building in Pakhajan, Gujarat, for which Metso has already been awarded a contract for three Kaldo furnaces, an anode furnace and an anode casting shop, gas cleaning and supporting equipment.
For the precious metals refinery, the Metso scope of delivery consists of a Kaldo furnace with off-gas handling and silver refining equipment. The Finnish firm will also deliver basic engineering for the precious metals refinery. The order value was not disclosed.
In a press release on Monday, Hindalco stated that commissioning of the plant is expected to take place within two years.
“We are excited to have been trusted with yet another important order from Hindalco Industries. The new plant will allow Hindalco Industries to increase their production of precious metals,” Lauri Närhi, director of sales, smelting, at Metso.
“Our precious metals refining technology ensures high recovery, low operating costs and high-quality products, all achieved within a short processing time. The process is highly automated, offering a safe working environment and zero toxic gas emissions.”
