The Indonesian arm of the Brazilian mining giant is expecting nickel matte production of 65,000 tonnes in 2022, compared with an annual average of 70,000-75,000 tonnes.
Nickel is the worst performing base metal in 2021, but the metal’s project pipeline covers less than 10% of requirements through 2030, says new report.
Supplies of coal, the key source of electricity generation in China and India, are beginning to rise again after governments pressed miners to boost output.