Nickel - Copperbelt Katanga Mining

Nickel price slumps as Global production soars

March 25, 2023March 25, 2023 Constance

Chicanery on the London Metal Exchange aside, global nickel mining is in rude health. At the current pace, mined nickel output is set to exceed 3.2 million tonnes per year. The jump was driven primarily by continued gains in Indonesian production which increased by over 41% compared to the same month last year. Refined nickel demand shrunk by 5% in January and rose by a more modest 2% compared to 2022. The January figures translate to annual demand of 2.8 million tonnes, to give an apparent market surplus of 255,000 tonnes,… Read More Here

Battery Metal frenzy outshines Recovery fears at PDAC

March 9, 2023March 9, 2023 Constance

Tepid global demand for metals driven by recession fears and China’s weak economic recovery have done little to shake the belief among miners that battery materials are heading for an epic bull run. That was the sentiment of thousands of executives, investors, government officials and bankers who crammed into a conference center in Toronto for the past four days to showcase their assets, network and strike deals. For the event organizer, the Prospectors & Developers Association of Canada gathering highlighted the industry’s push to be part of the solution in… Read More Here

International Battery Metals Cobalt Copper Lithium Nickel

Battery metals projects catch eye of Pension funds and Carmakers

March 8, 2023March 8, 2023 Constance

Critical minerals projects are attracting newfound interest from pension funds and automakers to help tackle a looming shortage of battery metals, say some of Canada’s top investment bankers. The rush for metals like lithium, copper and nickel needed to power electric vehicles has “clearly brought the sector into a spotlight that it wasn’t in a few years ago,” Ilan Bahar, global mining co-head at BMO Capital Markets, said during a Monday panel discussion at a mining conference in Toronto. Bank of Montreal’s investment banking business has seen more interest from… Read More Here

International Nickel

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

January 10, 2023January 10, 2023 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

Nickel International

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

November 22, 2022November 22, 2022 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

Battery Metals Cobalt Copper Global markets Lithium Nickel

Greening global economy brings dependence on critical minerals

November 4, 2022November 4, 2022 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

Lithium Nickel

Chinese investors plan $2.83 billion metals park in Zimbabwe

September 16, 2022September 16, 2022 admin1 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

Nickel Mining in Zambia

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

July 27, 2022July 30, 2022 admin

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

Nickel Mining in Zambia New Mining Projects

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

July 5, 2022July 5, 2022 arnbethnicNickel, Zambia

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