Nickel’s fate lies in Indonesia as top supplier weighs early ban
Indonesia is weighing whether to advance the timeline for a planned ban on exports of mineral ores.
Indonesia is weighing whether to advance the timeline for a planned ban on exports of mineral ores.
A 2017 regulation stated that miners who are currently building smelters are allowed to export unprocessed mineral until January 2022.
Nickel has long had a reputation for being among the most volatile industrial metals.
The company says recent testing puts the nickel recovery rate from its Decar nickel-iron project at 94%.
The deal also includes the transfer of the Salobo West copper-gold project tenements to Vale.
After years on the block, BHP declared its nickel business core in May on the back of promising demand expectations from the electric vehicle industry.
As the world sees demand for batteries grow at an unprecedented rate, supply of battery metals may soon not be enough to meet demand.
Devil's copper hits year high, up 37% in 2019.
Cobalt light electric vehicle battery deployment around the globe doubled in May.
Nickel is defying both the general macroeconomic concerns weighing on other industrial metals and signs its own internal dynamics are weakening.