Vale expects nickel market deficit by 2028, executive says
"We are very strong on nickel fundamentals," chief sustainability and corporate affairs officer Emily Olson told the CERAWeek energy conference.
"We are very strong on nickel fundamentals," chief sustainability and corporate affairs officer Emily Olson told the CERAWeek energy conference.
Prateek Gupta was last year accused by commodities giant Trafigura Group of orchestrating a massive fraud against it.
In 2023, Indonesia produced 193.5 million tonnes of nickel ore.
The best intersection was 373 metres grading 0.25% nickel.
BHP has stood down around a quarter of the workers constructing its West Musgrave nickel and copper project in Western Australia.
The policy drew investments of billions of dollars from smelting firms, most of them Chinese, and boosted Indonesia's exports.
The LME said that low carbon nickel could already be traded on its partner MetalsHub's system.
Western governments could mimic Indonesia by granting tax holidays to critical minerals operations.
Calls for a nickel price that reflects strong environmental and governance standards have grown from high-cost producers such as Australia.
An Indonesian producer has for the first time ever applied to have its metal listed as a good delivery brand on the LME.