Platinum Group partners with Saudi firm for smelter amid South African export hurdles
The partnership with Ajlan & Bros includes a $4 million feasibility study split 50/50.
The global nickel market surplus shrank to 8,400 tonnes in January from a revised surplus of 14,700 tonnes in the previous month, data from the International Nickel Study Group (INSG) showed on Thursday.
Last year, the roughly 2.4 million tonnes a year global market saw a surplus of 122,800 tonnes compared with a deficit of 32,200 tonnes in 2019, according to the Lisbon-based INSG.
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