Cobalt, nickel price rally lifts EV Metal Index to 2020 high
Cobalt prices are up 30% this year and nickel has rebounded from its pandemic lows, powering the MINING.COM EV Metal Index to $1.2 billion so far this year.
Cobalt prices are up 30% this year and nickel has rebounded from its pandemic lows, powering the MINING.COM EV Metal Index to $1.2 billion so far this year.
Total measured and indicate resources now stand at 657 million tonnes grading 0.26% nickel for 1.7 million tonnes of contained nickel, a 9% increase from the previous estimate.
The optioned mineral claims are located next to FPX Nickel's Decar project.
Nickel at 11-month high and copper close to fresh two-year peak as China's construction and industrial production soars going into the fourth quarter.
Temporary suspensions of mines caused by the covid-19 pandemic, along with the advancement of Indonesia’s export ban are expected to be the significant contributors to this decline.
Among the projects discussed was a plan by CATL and Ningbo Lygend Mining to create an integrated lithium battery production facility.
Demand for nickel is forecast to surge in coming years as companies from Tesla to Volkswagen add to their lineups of electric models.
According to IDTechEx, automakers are worried because nickel mining involves large quantities of waste and very little metal recovered.
MiningIntelligence studied the 65 global properties with exposure to copper, cobalt and nickel globally that had feasibility studies completed in the last five years.
An overview of the latest news from the world of nickel-cobalt laterites covering existing HPAL operations, HPAL projects, heap leaching, and process innovations.