Ford takes stake in Indonesia nickel project
The automaker joins PT Vale Indonesia and Zhejiang Huayou Cobalt as investors in a project to make an annual 120,000 tons of nickel chemicals for EV batteries.
CaNickel selling Bucko Lake nickel project to Cobalt One for $59 million
The Bucko Lake mine operated from 2009 to 2012.
Nornickel raises forecasts for global nickel surplus, palladium deficit in 2023
The company expects a global nickel surplus of more than 250,000 metric tons this year, up from previous estimates of 200,000 tons.
LME triumphs in lawsuit over cancelled nickel trades
Hedge fund Elliott Associates and market maker Jane Street Global Trading brought the case after LME cancelled $12 billion in trades in 2022.
Alaska Energy Metals acquires Angliers-Belleterre nickel-copper project in Quebec
The project was first explored by INCO, the world's largest nickel producer of the 20th century, acquired by Vale in the 1990s.
Nornickel to pay $18m to drop its stake in nickel JV in South Africa
Nickel prices in London are heading for a 46% fall this year, the largest slump since the financial crisis in 2008.
Nickel price at lowest since 2021 on oversupply concerns
The global nickel market had a surplus of 23,900 metric tons in September.
Global nickel market sees 23,900 metric ton surplus in September – INSG
That compares with a surplus of 15,300 metric tons in August 2023.
Nickel to get boost from commodity index re-balancing in January
Nickel is likely to see a surge of buying before and during an annual re-balancing in January of commodity indexes.
Vale Canada, Sumitomo sign initial deal to sell 14% stake in Indonesian nickel miner
Share divestment is a condition required by Indonesia to extend Vale Indonesia's mining permit.
