Vale unsure if New Caledonia nickel operations will continue
A day after first quarter results showed a 36 percent slump in profit, executives said they were not satisfied with nickel prices.
A day after first quarter results showed a 36 percent slump in profit, executives said they were not satisfied with nickel prices.
If the commodity sector keeps the pace for the rest of 2018, this will be the best year for the asset class since 2003.
They said they expected authorities to realize the sliding scale they propose would be a more effective mechanism for the government to share in higher commodity prices than the windfall tax and strategic minerals scheme included in the new code.
SQM, which operates primarily in Chile's Salar de Atacama, is one of the world's largest and most cost-efficient producers of lithium.
Trump campaigned on a promise to bring back coal that is increasingly being edged out of the U.S. power market by cheap, cleaner-burning natural gas.
Spodumene is a mineral mined as a source of lithium, a key ingredient in electric vehicle batteries, for which China is the world's biggest market.
The Deputy Secretary of Mining Policy said the world needs Argentina's copper, lithium, gold and silver.
It expects to have sold 90% of its nickel sulphate supply by the end of 2019, two years earlier than anticipated.
New investors are being pulled into the mining industry as demand and prices for battery materials like lithium and cobalt spike.
The tenements are within the Leinster Nickel Project, located in granites and greenstones of the Achaean Kalgoorlie Terrane.