Global palladium deficit to widen in 2021 – Nornickel
The world's largest palladium producer plans to partly compensate for the deficit from its stockpiles left from 2020.
The world's largest palladium producer plans to partly compensate for the deficit from its stockpiles left from 2020.
Company has hired Sergey Stepanov, former CEO at titanium producer VSMPO, as senior vice president in charge of production.
Several other Chinese-backed nickel plants are under construction in Indonesia.
Company and its Indonesian partner Harita Group plan to build other projects on Obi island to make nickel sulphate.
MINING.COM’s tracker of the value of battery metals in newly sold electric cars sets new monthly record despite retreat in nickel, cobalt prices and declining per vehicle usage.
This is a new discovery located 23 km southwest of the company’s Crawford nickel-cobalt project in Ontario’s Timmins-Cochrane camp.
The company's Oktyabrsky underground mine is back at its daily ore mining capacity of 14,100 tonnes after flooding.
Its sale process with Citi and Standard Chartered is the most advanced, with potential buyers currently working on first-round bids.
The global nickel market recorded a supply-demand surplus of 108,000 tonnes last year and is on track to record another 45,000-tonne surplus this year.
Antam's nickel ore output stood at 2.64 million wet metric tonnes (WMT) in the first quarter, up from 629,000 WMT in the same period in 2020.