Electric cars yet to turn cobalt market into gold mine – Nornickel
Prices for cobalt metal, used in production of electric vehicle batteries, have tripled to nine-year peaks above $30 a pound from below $10 a pound in late 2015.
Prices for cobalt metal, used in production of electric vehicle batteries, have tripled to nine-year peaks above $30 a pound from below $10 a pound in late 2015.
Indonesia's PT Aneka Tambang Tbk received a recommendation from the mining ministry for an additional 1.25 million tonnes of nickel ore exports over the next 12 months, Chief Executive Arie Prabowo Ariotedjo said on Tuesday.
The complex would be called the Giant Nickel All Season Resort.
China’s top nickel producer, will next year start building a new project in Guangxi that will produce raw materials for electric vehicle (EV) batteries, its chairman said, looking to tap the sector’s “explosive” demand.
Move is part of a wider review of low performing assets after new Chief Executive Fabio Schvartsman took charge in June.
The ministry resumed exports of unprocessed minerals earlier this year and had started to roll out exports quotas in April.
Outotec has been awarded a contract by MMC Norilsk Nickel for the delivery of minerals processing technology and related advisory services to Kola Mining and Metallurgical Company's concentrator plant in Zapolyarny, Pechenga District in Russia.
Outotec has been awarded a contract by MMC Norilsk Nickel for the delivery of minerals processing technology and related advisory services to Kola Mining and Metallurgical Company's concentrator plant in Zapolyarny, Pechenga District in Russia.
After an 11% increase in 2017’s first quarter, the Canadian Mining Eye index dropped 7% in the second quarter, according to professional services firm EY.
Nickel slid 5 percent to a five-week low on Friday after trading fees were raised in China to dampen speculation and steel prices dropped with other metals as investors shunned risky assets after more North Korean tensions.