Nickel

Hedge Funds Drop Lawsuits Against LME over Nickel Crisis

The LME has argued that its actions in March 2022 were taken to protect the metals industry from a “death spiral” that would have bankrupted numerous players.

Nickel Market Alert: Global Surplus Nears 200,000 MT in 2025

Indonesia, the world’s top nickel producer, remains central to market dynamics.

LME Nickel Prices Nosedived to Hit Four-Year Lows

A stronger dollar was seen hurting the buying power of manufacturers in major consumer nations such as China.

Canada Nickel Closes C$4 Million Private Placement of Flow-Through Shares

The proceeds will fund eligible resource exploration expenses, including Canadian Exploration expenses and flow-through critical mineral mining expenditures.

Nornickel Metals Market Review: Global Nickel Market to Record Surplus in 2025

It must be noted that the global nickel market recorded a third consecutive year of oversupply in 2023.

POSCO Future M begins NCA production in Pohang

The company announced on Sunday that it successfully produced high-nickel materials with 88% nickel content on October 12.

Sumitomo Metal Anticipates Wider Nickel Market Surplus in 2025

In 2025, the supply of Class 2 nickel is expected to stay balanced despite an increase in the supply of NPI from Indonesia.

Nickel market no longer afraid of losing Russian supply

Russian president Vladimir Putin's suggestion that Moscow should consider capping exports of nickel in retaliation for Western sanctions has been greeted with a collective shrug by the market.

New Metals Refinery for Nickel and Cobalt Opens in Ohio

Right now the only U.S. source of nickel is the Eagle Mine in Michigan. Ore mined there is shipped internationally for refining.

Nornickel Examines Impacts of U.S Sanctions on its Subsidiaries

The U.S. had imposed sanctions on several Nornickel subsidiaries and the Nornikel-controlled Bystrinsky copper and gold project.

Nornickel Held Nickel Output Forecast Unmoved for 2024

The furnace repairs have been badly impacting the company’s profits.

Nornickel Announced Restart of Smelter Furnace After Major Repairs

The $340 million repairs comprised of replacement of the smelting unit and required sophisticated equipment.

Fitch Solutions: Nickel Prices to Witness Steady Rise Beyond 2024

The nickel prices had witnessed a brief rally earlier during the current year. However, the prices witnessed decline henceforth.

LME to Suspend Listing of Nornickel Nickel Brand

The exchange did not disclose the reason for the suspension.

Vale Unveils $3.3 Billion Plan to Boost Copper and Nickel Output

The Brazilian mining giant sees the potential to expand production capacity to about 500,000 tons of copper by 2028 mainly through improvements to its Salobo and Sossego mines in Brazil.

Centaurus Metals Advances Nickel Project Amid Growth

Key environmental and technical approvals have been secured, and exploration efforts, including a new copper-gold project, are underway, positioning the company for robust growth and development.

US, Philippines eye agreement to cut China nickel dominance

The US and the Philippines are in discussions over ways to prevent China from dominating nickel processing in the Southeast Asian nation, a key supplier of the metal that’s crucial for electric vehicle batteries.

Macquarie: Global Nickel Market to Witness Surprise Deficit in 2024

It must be noted that nickel ore in the country has been trading at a premium of more than $7 per ton.

Canada Nickel to Build New Nickel Processing Plant

It must be noted that nickel production is currently concentrated in countries in the Asian region.

This $1B EV Nickel Plant will be North America’s Largest

Canada Nickel is valued at around US $166 million, and it plans to seek funding from both the Canadian and Ontario governments to help build the plant.

Nornickel Reported Dip in Key Metals Output

The consolidated nickel output recorded 5% year-on-year decline to total 209 kt in 2023.

First Quantum Minerals Halted Ravensthorpe Nickel Mine Operations

They noted that the global nickel market is currently oversupplied and that more supply cuts are needed to ensure a balanced nickel market.

Metals Posted Lackluster Trading Year in 2023

As in the case of nickel, the market continued to be flooded with new material from top producer Indonesia.

Blast at Nickel Plant Sparks Workers' Protests

Several hundreds of workers took part in the protest which took place outside the complex.

Crackdown on Illegal Mining Forces Indonesia to Import Nickel Ore

The anti-corruption drive is part of a concerted suite of policies from the government to generate value that includes moves to process minerals domestically and build its own steel and battery production.