Vale mulling offers for New Caledonia nickel assets
The nickel operations, the world's largest, have been on the block since December.
The nickel operations, the world's largest, have been on the block since December.
Nickel recovered from a four-year low of $10,865 a tonne in March to a current $12,820.
Value of cobalt, nickel, graphite and lithium in newly-sold electric cars hold up despite impact of covid-19 as EV industry focus shifts to Europe.
Nickel Asia Corp and Global Ferronickel Holdings Inc, are suspending mining and export operations in a southern province to comply with coronavirus-containment measures.
Five holes intersected this zone, returning intercepts that include 7.5 metres of 1.7 g/t palladium and platinum.
Mining operations in Surigao del Norte had been suspended from April 1.
The spread of the coronavirus has halted production among many consumers of nickel and palladium, including makers of electric and other vehicles.
Indonesia, once the world's biggest nickel ore exporter, started banning exports of nickel ore in January.
Bystrinsky is the largest greenfield project in the Russian metals industry.
Nornickel, the world's largest producer of palladium, has been hit hard by the coronavirus pandemic.
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