Nickel - Copperbelt Katanga Mining

Nickel price at highest since 2014 amid growing EV battery demand

February 12, 2021February 12, 2021 admin

Nickel has quietly been going neck-in-neck with copper since the start of the base metals rally in mid-2020, and is now approaching a key level that analysts believe could spur investment in new supply. Three-month nickel on the LME reached a new multiyear high Thursday at $18,534 per tonne. The metal has been putting in strong performance despite expectations of demand slowdown due to the Chinese New Year holiday, up over 11% since the turn of the calendar year. Year-on-year, the contract has gained 30% amid rising demand expectations pertaining… Read More Here

Nickel

Kabanga, Tanzania to develop world’s largest nickel deposit

January 19, 2021January 19, 2021 admin

British miner Kabanga Nickel, formerly known as LZ Nickel, has inked a framework agreement with the government of Tanzania to develop the world’s largest battery-grade nickel sulphide deposit, in the country’s northwestern. As part of the deal, the parties have created a joint company called Tembo Nickel Corp., which will mine, process and refine class 1 nickel with cobalt and copper co-products. Kabanga Nickel is the new entity’s majority owner with an 84% stake. Tanzania owns the remaining 16%, which is the government’s usual stake in all of the country’s mining… Read More Here

Cobalt Lithium Nickel

Mines: good prospects for cobalt, nickel and lithium prices following the boom in electric vehicles

January 18, 2021January 18, 2021 admin

Battery metals are expected to rebound this year as the electric vehicle boom is supported by the post-pandemic push for a green economic recovery. Another positive wind for lithium, cobalt and nickel comes as further stimulus is expected to fuel inflation, boosting demand for durable assets like commodities. The dollar’s reflation and weak trade mean it’s not just an electric vehicle (EV) story anymore, according to Trafigura, the world’s second-largest metals trader. BloombergNEF predicts tight markets for lithium, battery grade nickel and cobalt to drive prices higher this year, but not… Read More Here

Battery Metals Cobalt International Nickel

EV Metal Index rockets to record high on cobalt, nickel price, use

November 19, 2020November 19, 2020 admin

EV Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including hybrids) around the world surged to an all-time high in September, rebounding from two-year lows struck at the height of the pandemic in April. There was a massive sequential jump in battery raw material deployed in September, according to data from Adamas Intelligence, which tracks demand for EV batteries by chemistry, cell supplier and capacity in over 90 countries. According to the Toronto-based researcher, during the month lithium used in newly-sold EVs nearly doubled from September 2019,… Read More Here

Copper International Nickel

Nickel, copper prices near new highs as China powers on

October 20, 2020October 20, 2020 admin

The copper price was once again within sight of more than two-year highs on Monday and nickel reached an 11-month peak after Chinese data showed growth in the world’s second-largest economy is gathering momentum. On the Comex market, copper for delivery in December added over 1% to $3.1080 a pound ($6,850 a tonne) in brisk trade, with more than 1.2 billion pounds of the most active contract traded by early afternoon in New York. Monday’s trading brings the bellwether metal within sight of levels last seen in June 2018 and brings… Read More Here

Battery Metals International Nickel

Glencore in nickel supply talks with EV battery makers

October 19, 2020October 19, 2020 admin

Global miner and commodities trader Glencore (LON: GLEN) is close to securing nickel supply deals with automakers and battery producers amid a looming squeeze in the market and Tesla CEO Elon Musk’s recent call to miners to produce more of the metal. “A lot of the automobile guys and the battery guys are talking to us about nickel,” chief executive Ivan Glasenberg said during the Financial Times Mining Summit on Frida THE MARKET FOR BATTERY-GRADE NICKEL SHOULD BE IN A TIGHT BALANCE IN THE NEXT TWO TO THREE YEARS AS DEMAND FROM LITHIUM-ION BATTERY… Read More Here

Copper Gold International Nickel

First Quantum Minerals Provides Operations Update

September 16, 2020September 16, 2020 admin

First Quantum Minerals Ltd has today provided an update on how the company has been able to operate under the pandemic that has hit the world. the company has continued to show efforts on how they are mitigating and trying to adjust to the impacts caused by covid 19. Operational Performance The global mining giant expects to produce 725,000 – 770,000 tonnes of copper, 230,000 – 250,000 ounces of gold and 15,000 – 17,000 tonnes of nickel for the full year 2020, as previously stated. Operations continue to perform as… Read More Here

Mining Careers Mining in Zambia Nickel

ASSISTANT PROCESS PLANT MANAGER | Mining Careers at Munali Nickel Mine, Zambia

September 14, 2020September 14, 2020 arnbethnic

Company Name: Mabiza Resources Ltd | Location: Mazabuka, Southern, Zambia Closing Date: 25th September, 2020 | APPLY NOW _________________________________________________________________ JOB ADVERTISEMENT Mabiza Resources Limited (“Mabiza”) operates the Munali Nickel Mine (“Munali”), which is located in Mazabuka District, 80kms south of Lusaka, Zambia. Mabiza is a wholly owned entity of Consolidated Nickel Mines Ltd. Munali is currently on care and maintenance but consists of an underground mining operation, a mill and conventional Nickel Sulphide floatation Concentrator. Mabiza is seeking the services of an experienced and qualified individual to take up the position… Read More Here

International Nickel

New nickel price launched

August 27, 2020August 27, 2020 admin

The price of nickel held onto nine-month highs on Tuesday as focus in the industry shifts to supply of the metal for the burgeoning electric vehicle market, and mine production declines hit double digits. On the LME, nickel was exchanging hands for $14,925 a tonne ($6.77 a pound), the highest since mid-November last year and up by more than a third from its March lows. Nickel production nixed The Lisbon-based International Nickel Study Group reports global mined nickel fell 7.7% in June compared to the same month last year, which… Read More Here

Nickel Gold

According To Tesla CEO Elon Musk, This Metal Is The New Gold

August 25, 2020August 25, 2020 admin

In the popular imagination, lithium is the element that powers EVs. However, as Elon Musk has pointed out, the term “lithium-ion batteries” is something of a misnomer, because they don’t really contain that much lithium. “Although called lithium-ion, the actual percentage of lithium in a lithium-ion cell is approximately 2%,” Musk explained at Tesla’s 2016 shareholder meeting. “Technically, our cells should be called nickel-graphite, because the primary constituent in the cell as a whole is nickel.” Nickel is arguably the single most important metal component in EV batteries. More recently, Musk reiterated the… Read More Here