Daimler’s R&D chief sees nickel rich batteries gaining traction
The car industry is moving towards making electric car batteries with a higher ratio of nickel.
The car industry is moving towards making electric car batteries with a higher ratio of nickel.
The ownership dispute is part of a long-running battle for control of Nornickel, a $33 billion mining company.
After a five-year peace deal ended in December, the power struggle between two major Nornickel shareholders resurfaced earlier this month.
Garibaldi Resources beats out tech, energy, life sciences firms for Toronto market's annual crown with 2,351% market cap gain and 150m shares traded.
Nornickel, a $33 billion mining company, competes with Brazil's Vale SA for the rank of the world's top nickel producer.
The world's leading palladium producer is planning a joint venture with Russian Platinum.
Nickel prices slumped as much as 5.8 per cent to $13,185 a ton on the London Metal Exchange, retreating from two-year highs struck earlier in the week.
Norilsk Nickel said its production of palladium could decline in 2018, while output of nickel from Russian raw material would remain flat.
LME nickel breaks through $14,000 per tonne.
Nickel output by First Quantum Minerals fell 24 pct to 17,837 tonnes last year from 23,624 tonnes in 2016, the company said in a report.
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