Tsingshan plans another 50,000t nickel LME listing this year
China’s Tsingshan, the world’s biggest nickel producer, is planning to register 50,000 metric tons capacity of nickel cathode on the London Metal Exchange (LME) in the second half of 2024, a company official said on Wednesday. |
Nornickel cut global nickel oversupply forecast
In 2024, Nornickel expect the nickel market to sustain a surplus of around 100 kt Ni (vs 190+ kt forecasted for the year in the previous issue of our report), with the most of it still represented by low-grade nickel. |
Zimbabwe Set to Construct US$13bn Mapinga Mines to Energy Industrial Park in June
In a significant move to harness the benefits of the green revolution, the Zimbabwean government has announced that construction for Phase 1 of the Mapinga Mines to Energy Industrial Park will commence in June. |
Wyloo Metals to build battery materials processing plant in Ontario
Wyloo Metals, the privately held battery resources unit of Australia iron ore baron Andrew Forrest, has entered into a memorandum of understanding (MOU) with the City of Sudbury in Ontario to secure a parcel of land to build a downstream battery materials proc... |
LME approves listing of first Indonesian nickel brand
The London Metal Exchange (LME) has approved the listing of the first Indonesian brand which can be delivered against the exchange’s primary nickel contract, it said on Thursday, strengthening the selling power of the world’s largest miner. |
France backs nickel refinery project to bolster battery supply chain
The French government on Monday promoted a private sector plan to develop a nickel and cobalt refinery near Bordeaux to reinforce the country’s supply chain for electric vehicle batteries and reduce its reliance on China. |
More Chinese nickel seen flowing overseas after LME’s Russia ban
More Chinese nickel is expected to flow overseas after the London Metal Exchange banned new Russian supplies, according to Mysteel Global. |
Nornickel says new Western sanctions raise risk of metals market disruption
US and British sanctions imposed on Russian nickel, copper and aluminum will further increase price volatility and supply uncertainty, Russian metals-producing giant Norilsk Nickel said on Tuesday. |
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