Nornickel to take another week to halt water inflow at Siberia mines
Nornickel could loose 4-5% of its 2021 output if the two mines are suspended for one month.
Nornickel could loose 4-5% of its 2021 output if the two mines are suspended for one month.
Industrial waste clean-up is among the priorities set up in a deal signed between the miner and federal government and regional authorities.
The metal has endured its worst week in almost ten years, with the London Metal Exchange (LME) price collapsing by 16% in the space of two days.
Tesla will be a “technical and industrial partner" in the Goro nickel mine, which is being acquired by a consortium led by Trafigura.
Indonesia has drafted a plan that would see four state firms supplying nickel ore, processing nickel sulphate and cobalt sulphate, and then producing cathodes and batteries.
To understand today’s pricing, we have to look back to pre-2007, when there was a squeeze on nickel prices.
The nickel and stainless steel giant will provide 100,000 tonnes of nickel matte to Huayou Cobalt and battery materials maker CNGR Advanced Material.
Chinese firms have been stepping up focus on EVs in the world's biggest market for such vehicles.
Oktyabrsky and Taimyrsky mines in Siberia account for 36% of Nornickel's ore mined in Russia.
The company suspended operations at its Oktyabrsky and Taimyrsky mines in Siberia after it detected subterranean water flowing into the facilities.