Graphic: Surpluses on the horizon, but output cuts to help buoy nickel price
Sizeable output cuts will help shore up nickel prices, which are likely to have reached a bottom after a year-long slide.
Sizeable output cuts will help shore up nickel prices, which are likely to have reached a bottom after a year-long slide.
Company said it has spent more than 13 years in northeast Minnesota conducting extensive environmental, engineering, exploration, hydrogeological and community engagement work.
Key moves in the mining sector.
Nornickel this year failed to pay dividends on its 2022 results for the first time in 14 years.
Fund players have lifted their bets on lower prices to levels last seen in 2019.
Assay results from drill hole EZ-23-003 returned 324.6 metres at 0.34% NiEq.
The company has lowered its guidance for full-year nickel production by 9% to approximately 102,000 metric tons.
The exchange has so far approved one new Chinese brand and received an application from another Chinese producer.
Indonesia's high-grade 1.7% nickel ore is mainly used for the country's nickel pig iron (NPI) production.
Key moves in the mining industry.