Bears bet big that nickel can close the product gap
Fund players have lifted their bets on lower prices to levels last seen in 2019.
Alaska Energy Metals stock rises on drill results at Nikolai nickel project
Assay results from drill hole EZ-23-003 returned 324.6 metres at 0.34% NiEq.
Glencore cuts 2023 nickel guidance as strikes hit production
The company has lowered its guidance for full-year nickel production by 9% to approximately 102,000 metric tons.
LME says China’s Guangxi CNGR applies for new nickel listing
The exchange has so far approved one new Chinese brand and received an application from another Chinese producer.
Indonesia’s high-grade nickel ore reserves may be depleted in 6 years
Indonesia's high-grade 1.7% nickel ore is mainly used for the country's nickel pig iron (NPI) production.
Mining People: Chesapeake Gold, CanAlaska/Core Nickel, Silver Elephant, Rupert Resources, Avalon Advanced, Rio Tinto, TRX Gold
Key moves in the mining industry.
Eramet cuts Indonesia nickel ore target on permit delay
Eramet expects Weda Bay to produce 30 million wet metric tons in 2023, down 5 million tons from its previous outlook.
Trafigura denies knowing that nickel deals with Gupta were fake
One of the world’s largest commodity traders revealed it had lost more than half a billion dollars after buying cargoes of nickel from Gupta’s companies, only to discover that they contained much lower value materials.
Nornickel starts sulphur dioxide capture in Russia’s most polluted city
The miner launched a multi-billion dollar project aimed at reducing sulphur dioxide emissions by 45% in Norilsk.
Nornickel: Q3 nickel output higher q/q, palladium output drops
Unlike many Russian companies, Nornickel has not been directly targeted with Russian sanctions over its actions in Ukraine.
