PetroChina to start metals trading, eyeing energy transition
In addition to lithium and copper, the new PetroChina unit may also look to trade nickel.
After announcing the results of an independent Preliminary Economic Assessment report today, shares in Prophecy Platinum traded hands at 6 times their usual volume.
The report which highlighted an initial capital cost of $863 million and production of 1.959 billion lbs of nickel, 2.068 billion lbs of copper and 7.119 million ounces of platinum-gold over 37 years, caused shares to jump 12% on the day.
