Talon Metals hits record nickel, copper grades at Tamarack
Tamarack is currently the only high-grade development-stage nickel project in the US.
Tamarack is currently the only high-grade development-stage nickel project in the US.
Shanghai's stainless steel contract, closely watched by Chinese nickel players, hit its own life-of-contract high last month.
The plant in Pomalaa, in Southeast Sulawesi province, is expected to produce 40,000 tonnes of mixed sulphide precipitate.
About 200 tonnes of nickel, 50 tonnes of copper, 80 kg of platinum group metals, 2 kg of gold and 44 kg of silver were extracted last month from low-nickel pyrrhotite product.
The company has launched several physically backed ETCs this year via its Global Palladium Fund.
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.
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