Trafigura and Korea Zinc agree to build nickel refinery in South Korea
The amount of nickel to be supplied by Trafigura will range from about 20,000-40,000 metric tons per annum.
The amount of nickel to be supplied by Trafigura will range from about 20,000-40,000 metric tons per annum.
Key moves in the mining sector.
Each ton of nickel ore sales will be tracked using the SIMBARA portal starting next quarter.
The LME has drawn fire from all sides since a massive nickel short squeeze caused prices to quadruple in a few days in March 2022.
Panoramic is open to the total or partial sale of its Savannah mine, as nickel prices have fallen about one-third this year.
The company has only sufficient working capital to around mid-December 2023.
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.
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