According to the statistics, the production of refined nickel in China in November 2024 was 33,510 tons, an increase of 8.62% from the previous month and 48.64% from the same period last year.
Vale Base Metals, a unit of Vale SA (NYSE: VALE), announced on Tuesday that it has completed the construction and commissioning of its C$4.13 billion ($2.94 billion) Voisey’s Bay nickel-copper underground mine in northern Labrador.
Mine developers in Latin America are seeking new lithium and nickel prospects as current low market prices bring acquisition opportunities for those with a foothold in the region.
State-ownwed diversified miner PT Aneka Tambang (Antam) has allocated US$723 million (Rp11.46 trillion) in Capital Expenditure (Capex) that will be used for gold, bauxite, and nickel exploration over the next five years.
Indonesia is squeezing supplies of nickel ore to protect smaller local miners as the market for the battery metal endures a prolonged slump, according to Eramet SA.