Benchmark to launch green nickel prices on Thursday
Prices for two types of nickel will be based on transactions by producers that meet Benchmark's sustainability measures.
Prices for two types of nickel will be based on transactions by producers that meet Benchmark's sustainability measures.
GCHL started looking at the potential of a Class 1 or higher grade nickel trading platform after the crisis at the London metal Exchange two years ago.
The C$300,000 funding will be used to support a large-scale aerial electromagnetic survey on the property.
The projects are part of Antam's deal with China's Ningbo Contemporary Brunp Lygend to develop an "ecosystem" to produce EV raw materials.
A new PEA gave the project a post-tax net present value of $257 million and an internal rate of return of 22.3%.
Key moves in the mining sector.
Surging output from Indonesia’s nickel laterite mines has flooded the market with new supply.
The nickel market surplus widened last year to 238,800 tonnes from 103,900 tonnes in 2022.
Under the proposed deal, the French state would subsidize energy prices alongside local authorities up to 200 million euros a year.
A senior Indonesian mining ministry official said the country was working to accelerate the approval process.