Mining People: FPX Nickel, Patriot Battery Metals, Defense Metals
Key moves in the mining sector.
Key moves in the mining sector.
The mystery buyer represented 13% of net buying in the market on March 7, according to the Oliver Wyman report.
Months after turbulence highlighted shortcomings in LME oversight, the nickel contract remains broken.
The billionaire at the center of last year’s nickel short squeeze is planning a major shift in his production mix.
The LME contract has returned, but it is much diminished.
The platform will be open to consumers, producers and merchants that are directly involved in the physical market.
Developing the first phase of the NorthMet open-pit operation about 100 km north of the Lake Superior port of Duluth is forecast at $1.2 billion.
The Vancouver-based miner said exploration activities at Sawyer Camp have not generated enough encouragement to justify the continued allocation of budget and effort.
The firms are challenging moves by the LME, which cancelled about $3.9 billion worth of trades on March 8.
The Selebi south deposit has a resource of 11.28 million tonnes grading 0.98% nickel and 1.9% copper.