Global nickel prices have probably hit a floor, says Macquarie
Macquarie sees a market recovery driven by strong demand from the steel sector.
Macquarie sees a market recovery driven by strong demand from the steel sector.
The riots sparked last month by electoral reform in the French-controlled territory has deepened a crisis for New Caledonia's loss-making nickel sector.
The company already listed nickel cathode from its Dingxing plant on the LME in the second quarter.
The company is in talks to secure a stake sale to Glencore ahead of the listing as Ceria sets out to build an $8 billion nickel complex.
Known as a ‘complex concentrated alloy,’ the new aluminum and nickel alloy targets high-temperature applications.
The world's biggest nickel producer is experiencing a rapid depletion of ore after a surge in downstream investment.
The upsized financing represents nearly double the initial offering amount.
The quota issued should be enough, as nickel ore consumption last year was below this, its energy and mineral resources minister said.
Last year, the trader revealed it had paid nearly $600 million for nickel only to discover that the cargoes contained worthless rubble.
A team of scientists has transformed the reactivity of iron metal, the cheapest metal commodity.