Noront and Aroland First Nation to work together on nickel mine in Ontario
The Indigenous group will become a shareholder in Noront.
The Indigenous group will become a shareholder in Noront.
The company has received assay results for the final 24 holes of the winter drill program at its West Bear cobalt-nickel property.
The LME nickel market was last week gripped by the most acute tightness in a decade.
The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology.
Near 17% decline in Chinese car sales in April – the 11th monthly drop in a row – compounds impact of Washington-Beijing trade salvoes.
The restart of operations follows a refurbishing process designed by new operator CNM back in 2014.
The first phase of a 40,000-tonne per year battery cathode material project in China's Fujian province has been put into production.
The outlook comes after China's Tsingshan Group surprised the market last year with a low-cost estimate and short time frame to launch a $700 million plant on the Indonesian island of Sulawesi.
Electric car and battery maker BYD counts Warren Buffet among its investors and is also German automaker Daimler AG's partner in China.
The Chinese supplier of chemicals for lithium-ion batteries is also on the lookout for mine investment opportunities to guarantee supply.
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