BHP turns to electric car batteries to recharge its nickel business
The rise of electric vehicles is driving the world's biggest mining house, BHP , to switch gears and invest heavily in its long-suffering nickel business.
The rise of electric vehicles is driving the world's biggest mining house, BHP , to switch gears and invest heavily in its long-suffering nickel business.
Japan's Sumitomo Metal Mining Co Ltd. said on Tuesday it will exit from a nickel exploration project in the Solomon Islands because of slumping nickel prices and the loss of a legal dispute over mining rights in the country.
The move is aimed at advancing the Sconi cobalt-nickel-scandium project in Queensland
Cuba plans to produce 54,500 tonnes of nickel and cobalt sulfides this year, state-run television said at the weekend.
Four miners were killed in an explosion at the Zapolyarny Mine, part of the Polar Division of Norilsk Nickel.
The flow of Indonesian nickel ore to China has resumed after a three-and-a-half year break.
Russia's mining giant Norilsk Nickel (Nornickel) said on Tuesday it was in talks with German chemicals firm BASF to supply raw materials needed in the process for making lithium-ion batteries in Europe in the future.
More supply will likely drag prices lower, as the metal already touched a one-year low of $8,680 per tonne on the London Metal Exchange last week and is down more than 10% this year.
The Russian miner wants to recover $271 million it lost when a state-backed company failed to complete the acquisition of a 50% stake in its Nkomati mine in South Africa.
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