Is China locking up Indonesian nickel?
As it has done with cobalt, graphite and rare earths, China appears to be locking up the nickel market.
As it has done with cobalt, graphite and rare earths, China appears to be locking up the nickel market.
Indonesia may decide this week whether to resume nickel ore exports after halting shipments to investigate reports of export rule violations.
Australian nickel miner Independence Group has launched a hostile A$312 million takeover bid for smaller peer Panoramic Resources.
Tsingshan Holding Group is now making waves in a different market: the London Metal Exchange.
Russia's Nornickel produces about 5,000 tonnes of cobalt a year as a byproduct of nickel.
Control of Bindura Nickel Corp., Zimbabwe’s biggest nickel operation, has been sold to a company linked to an adviser of President Emmerson Mnangagwa.
Prices are now down 60% from their spring 2018 peak.
The mineral meant for exports during the rest of the year will be absorbed by domestic companies with smelters.
MCC was last week given permission by the Papua New Guinea government to restart the plant, which was closed for not taking remedial actions after a spill in August.
China imported 7.13 million tonnes of nickel ores and concentrates in total last month.