BHP, university researchers to explore four-dimensional controls on nickel mineral systems
BHP has partnered with three universities whose research is expected to challenge the current understanding of the nickel mineral system.
BHP has partnered with three universities whose research is expected to challenge the current understanding of the nickel mineral system.
The assets were the Santa Rita nickel and Serrote copper mines, and would have boosted the miner's growing battery metals portfolio.
Worries about availability come from inventories in LME registered warehouses which at 94,830 tonnes have dropped 65% since April last year.
The nickel market had reached its tightest since 2007 earlier this week after a plunge in exchange stockpiles.
Magna Mining has an enormous nickel-copper opportunity in the storied Sudbury Mining Basin in Ontario, Canada.
The turmoil is the latest example of acute supply stress in global metals markets, and represents the third time in 12 months that the LME has stepped in to increase monitoring.
Russian exporters of nickel, steel, aluminum and copper paid extra export taxes in the last five months of 2021.
The company said three weeks ago that nickel output at the smelter in Finland had been stopped due to a slag explosion.
Nickel prices touched $22,935 a tonne on Friday, the highest since 2011.
Key moves in the mining ssector.