LME does not plan to launch green nickel contract
Iron ore magnate Andrew Forrest said recently the LME should classify its nickel contracts into "clean" and "dirty" to give customers more choice.
Iron ore magnate Andrew Forrest said recently the LME should classify its nickel contracts into "clean" and "dirty" to give customers more choice.
Cheap Indonesian nickel, controlled by China and dumped on the market, has collapsed nickel prices and forced global mine closures.
Several hundred million euros of debt will be removed from its loss-making nickel subsidiary SLN.
While the bank’s base case is for a surplus of less than 40,000 tons, that may be in jeopardy if Jakarta’s approvals are slow.
Key moves in the mining sector.
Meanwhile, the Indonesian government said that EV producers shouldn't anticipate any significant recovery in prices.
Nickel prices plunged by around 45% last year, and dipped briefly below $16,000 a ton earlier this month.
A new nickel-based electrode material opens new avenues to cobalt-free batteries for electric vehicles.
The Raglan project has proven and probable reserves of 31.9 million tonnes grading 2.12% nickel, 0.81% copper and 0.05% cobalt.
Miners and smelting companies have been concerned by delays in the approvals.