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Category: Nickel

Nickel Market Faces New Shock As ‘Big Shot’ Boosts Metal Output 1 International Nickel 

Nickel Market Faces New Shock As ‘Big Shot’ Boosts Metal Output

Constance
The billionaire at the center of last year’s nickel short squeeze is planning a major shift in his production mix, in a move that could reshape global supply dynamics and inject fresh volatility into the battered nickel market. Xiang Guangda’s Tsingshan Holding Group Co. is seeking to profit from an unusually large premium in the price of refined nickel metal – the type that is deliverable on exchanges in London and Shanghai – over the intermediate forms that Tsingshan supplies for battery manufacturing, according to people familiar with the matter.… Read More Here
Indonesia proposes to Canada setting up OPEC-like group for nickel 2 Nickel International 

Indonesia proposes to Canada setting up OPEC-like group for nickel

arnbethnic
Indonesia has proposed in talks with Canada establishing an OPEC-like organisation for nickel producing countries, the Southeast Asian nation’s investment ministry said in a statement on Wednesday. Indonesia and Canada are the first and sixth biggest nickel producers in the world, respectively. The proposal was made when Indonesian Investment Minister Bahlil Lahadalia met Canada’s International Trade Minister Mary Ng on Tuesday on the sideline of the G20 summit in Bali. The minister raised the prospect of trying to “coordinate and integrate nickel policy” like the Organization of the Petroleum Exporting… Read More Here
Greening global economy brings dependence on critical minerals 3 Battery Metals Cobalt Copper Global markets Lithium Nickel 

Greening global economy brings dependence on critical minerals

arnbethnic
After nearly a century of geopolitical tension over access to oil, experts worry that the global transition to clean energy is creating new dependencies on the critical minerals needed for solar panels, wind turbines and electric vehicle batteries. ADVERTISING Control over most of these essential elements is concentrated in a handful of countries, none more than China, they note. Which metals are key for the energy transition? Cobalt, nickel, manganese and lithium are critical to making electric vehicle batteries. Rare earths such as neodymium, praseodymium and dysprosium are used in… Read More Here
Chinese investors plan $2.83 billion metals park in Zimbabwe 4 Lithium Nickel 

Chinese investors plan $2.83 billion metals park in Zimbabwe

Janet1 Comment
Zimbabwe’s government approved a proposal by a group of Chinese investors to establish a $2.83 billion battery-metals park that will process metals including lithium, platinum, and nickel, its latest plan to revive its moribund economy.  Hong Kong Eagle International Investment Holding Ltd. and Pacific Goal Investment Ltd. intend to develop an integrated industrial park that will include lithium-salt and nickel-sulphate plants, and a nickel-chromium alloy smelter, Eagle International said in documents seen by Bloomberg and verified by Secretary for Mines Pfungwa Kunaka. An agreement on the plan will be signed… Read More Here
FQM's Enterprise Nickel Mine to provide transparent supplier opportunities for goods and services 5 Mining in Zambia Environment Social Governance (ESG) Nickel 

FQM’s Enterprise Nickel Mine to provide transparent supplier opportunities for goods and services

arnbethnic
Following the commissioning of the Enterprise Nickel Mine which will position Zambia among the top 10 producers of nickel in the world, and the number one producer of the metal on the continent, FQM Trident Ltd will employ 700 direct employees and provide supplier opportunities for goods and services to be undertaken through transparent contract offers. FQM Trident Ltd has since identified one such project which is to construct a bridge along the main road leading to the Enterprise Nickel Mine. The bridge is meant to protect pipes that have… Read More Here
Zambia to be a champion of nickel production in Africa-HH 6 Nickel Mining in Zambia 

Zambia to be a champion of nickel production in Africa-HH

Janet
Zambia officially began its journey to becoming a key player in the new global electric vehicle (EV) ecosystem this week as President Hakainde Hichilema launched the Enterprise nickel mine in Kalumbila. Once up and running, First Quantum Minerals’ mine will be the largest producer of the strategic metal in Africa. Nickel, like lithium, cobalt, and copper, is an essential component in the batteries essential for the new era of ‘green’ vehicles. Designed to process 4 million tonnes of ore and produce around 28,000 tonnes of nickel per year, Enterprise will… Read More Here
Enterprise Nickel Mine is edging closer to completion, and becoming a global top-10 nickel mine 7 Nickel Mining in Zambia New Mining Projects 

Enterprise Nickel Mine is edging closer to completion, and becoming a global top-10 nickel mine

arnbethnic,
The 8 May 2022 announcement that Enterprise Nickel Mine would be brought online within 12 months after a final $100 million cash injection from First Quantum Minerals (FQM) was met with much fanfare, during a buoyant week for Zambia at the Investing in African Mining Indaba. Mining For Zambia takes a look at the progress that has been made in the weeks following the news, and the impact that a large-scale nickel mining operation will have on North-Western Province and Zambia as a whole. *** Fifteen kilometres from First Quantum Minerals’ (FQM’s) Sentinel… Read More Here
First Quantum Announces Board Approval of US$ 1.25 Billion for the Kansanshi S3 Expansion and Enterprise Nickel Project 8 Mining in Zambia Copper Nickel 

First Quantum Announces Board Approval of US$ 1.25 Billion for the Kansanshi S3 Expansion and Enterprise Nickel Project

arnbethnic1 Comment
First Quantum Minerals Ltd. is pleased to announce that the Company’s Board of Directors has approved the S3 Expansion at the Kansanshi mine and the Enterprise nickel project. “First Quantum has been working constructively with the Government of Zambia’s New Dawn administration as part of their efforts to reform the mining sector, attract investment and increase Zambia’s copper production. The approval of the projects reflects First Quantum’s increased confidence in the investment climate in Zambia,” commented Tristan Pascall, Chief Executive Officer. “The S3 Expansion and the Enterprise nickel project are… Read More Here
Copper, nickel prices spike as Europe scrambles for metal 9 Copper International Nickel 

Copper, nickel prices spike as Europe scrambles for metal

Janet
On Wednesday, copper prices continued to rise with May futures jumping to a high of $4.7050 a pound ($10,373 a tonne) in New York, levels last seen during the bellwether metal’s October spike – in sight of record territory. Aluminum hit a record high of $3,590 a tonne and the price of nickel raced to an 11-year peak above $25,000 a tonne. Concerns about supply disruption and low global stockpiles are behind the move higher, trumping concerns over the impact of the Ukraine invasion on global growth, rising interest rates in… Read More Here
Nickel price reaches its highest level in a decade at 25,000 USD per ton 10 Nickel International 

Nickel price reaches its highest level in a decade at 25,000 USD per ton

Janet
Nickel hit $25,000 a tonne for the first time since 2011, extending a rally driven by dwindling global inventories and fears that tensions in Ukraine could disrupt supplies from the main Russian producer. The metal, used in stainless steel and rechargeable batteries, rose 3.2% to $25,135 a tonne. It is the best performer on the London Metal Exchange this year, climbing amid a flurry of forecasts that supply will lag behind rapidly growing demand from the electric vehicle industry.  Commodity investors were weighing the potential damage of sanctions on Russia after… Read More Here

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