Vale to sell 13% stake in base metals unit for $3.4 billion

Vale (NYSE: VALE) has reached two separate agreements to sell a total 13% stake in its transition metals business for $3.4 billion, aiming to boost its copper and nickel output. The deals would value the company’s base metals unit, Vale Base Metals (VBM), at ...

Friday, July 28, 2023

First Quantum starts output at Africa’s biggest nickel mine

First Quantum Minerals Ltd. started production at what is set to turn into Africa’s biggest nickel mine, furthering Zambia’s aim of becoming a key supplier of battery metals for the electric vehicle revolution.

Thursday, July 27, 2023

Huayou Cobalt boosts nickel capacity in Indonesia

China’s Zhejiang Huayou Cobalt said on Tuesday it will invest in a $200 million nickel sulfate project in Indonesia, expanding its production of the key battery raw material.

Thursday, July 27, 2023

Glencore backed and ready to hit production status: Pacific Nickel Mines

Pacific Nickel Mines (ASX: PNM) has submitted a notice for the final US$19 million of a US$22 million loan from mining giant Glencore to help develop its Kolosori Nickel Project in the Solomon Islands.

Tuesday, July 25, 2023

PolyMet Mining in Definitive Deal for Glencore to Buy Full Control

Glencore has struck a deal to buy the outstanding shares of PolyMet Mining, gaining full control of a mine development company that holds a 50% stake in a copper and nickel joint venture with Teck Resources.

Tuesday, July 18, 2023

Nordic Nickel flags string of ‘encouraging’ exploration results from Pulju Project, Finland  

Nickel sulphide explorer Nordic Nickel (ASX:NNL) has defined further wide zones of nickel sulphide mineralisation at the Hotinvaara prospect within its flagship Pulju Nickel Project in northern Finland.

Friday, July 14, 2023

Indonesia probes possible illegal nickel ore exports to China

Indonesian officials are investigating whether there have been illegal nickel ore shipments to China, more than three years after Jakarta banned exports of the commodity, its mining minister said on 7 July.

Monday, July 10, 2023

How China Came to Dominate the World’s Largest Nickel Source for Electric Cars

Chinese firms mastered a process that unlocked Indonesia’s ore for use in making EV batteries.Across the Indonesian archipelago, new industrial plants are going up to process chunks of nickel ore for use in electric-car batteries. Five years ago, there were n...

Thursday, July 6, 2023
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