US, UK take action targeting Russian aluminum, copper and nickel
A UK official said London expected any market disruption to stabilize quickly.
A UK official said London expected any market disruption to stabilize quickly.
The US is supporting a grant to Eramen Minerals to develop an ore-to-nickel and cobalt processing plant.
The Aguablanca mine will produce a total of 43.2 million lb. nickel and 34.6 million lb. copper plus gold, platinum, and palladium.
The MRE showed a 42% increase in the in-pit portion of the M&I nickel resource.
The company has started front end engineering design at the northern Ontario project, expected to be in production by late 2027.
More than 25 global auto and battery makers have expressed interest in buying nickel from its new Indonesian plant.
The chairman of Fortescue Metals said electric vehicle manufacturers should be wary of Indonesian nickel.
Key moves in the mining sector.
The transaction is required by the government to extend Vale Indonesia's operating permit beyond 2025.
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