Billionaire Reuben brothers sue Trafigura over nickel fraud
Trafigura found out that some cargoes it had bought didn't contain the nickel they were supposed to.
Trafigura found out that some cargoes it had bought didn't contain the nickel they were supposed to.
An updated resource adds more than 24 million tonnes of contained metal.
Deal includes the gold royalty on Mineração Vale Verde, which will be sold to ACG for $65 million in cash.
The exchange received an application to approve nickel produced by China's Quzhou Huayou Cobalt New Material Co.
The Sydney-based miner has been working towards developing nickel for batteries.
BHP Xplor’s VP Sonia Scarselli says demand-supply equation for other battery metals is not as stretched as that for those two metals.
The process at the Crawford nickel project can store 1.0 million tonnes of carbon annually.
"The LME's problem is that it's pricing the pure ore. Meanwhile, nickel is less and less used as a pure metal," said Eramet's CEO Christel Bories.
The first consultation will be on a requirement for warehouses to report the amount of all stored metal.
Lifezone Metals is negotiating supply deals with several electric vehicle manufacturers and battery makers.