Nornickel mulls cutting output by 10% next year
The war in Ukraine has impacted the miner by disrupting logistics, insurance and shipping.
The war in Ukraine has impacted the miner by disrupting logistics, insurance and shipping.
The historic mine is situated between the company’s Deloro and Sothman properties south of Timmins, Ontario.
Tsingshan is building a plant in Sulawesi, Indonesia, to produce 50,000 tonnes of refined nickel a year.
A group of hedge funds led by AQR Capital Management on Friday applied to force LME to hand over information relating to two key phone calls.
The action against Potanin was part of a broader sanctions package the Treasury Department rolled out Thursday.
During the first 10 months of the year, the global market was in a surplus of 78,300 tonnes compared with a deficit of 163,600 tonnes in the same period of 2021.
A panel of experts last month urged the country to bring its measures in line with WTO obligations.
Lifezone Metals owns the Kabanga Nickel mine and refinery project, backed in January by BHP.
Intercontinental Exchange made an approach to buy the LME earlier this year from owner Hong Kong Exchanges & Clearing, sources say.
The Eagle’s Nest project has been billed as the largest high-grade nickel discovery in Canada since Voisey’s Bay in Labrador.