Nickel price soars to record in Shanghai on strong demand, low stocks
Three-month nickel on the London Metal Exchange also touched its highest since July 30.
Three-month nickel on the London Metal Exchange also touched its highest since July 30.
Prices of copper and nickel have risen to multi-year highs this year and the world’s transition from fossil fuels is expected to add to demand.
The property contains measured and indicated open pit resources of 23.9 million tonnes averaging 0.71% nickel.
Andrew Forrest has long signaled he’s interested in battery metals and has expressed ambitions to get into the business for years.
Shanghai nickel up nearly 5% as warehouses empty out and refined supply slumps in world's largest market.
Company revenue in the six months to June 30 rose 33% year on year to $8.9 billion.
About 85% of members of USW Local 6500 voted in favour of Vale’s latest five-year contract offer.
The five-year agreement includes "significant monetary improvements for existing members."
The miner will make a final investment decision on expanding the processing plant at its Mt. Keith nickel mine by the end of the financial year.
The transaction is the second step in Sibanye-Stillwater’s battery metals strategy.