Indonesia's production capacity of nickel metal is expected to hit 2.2 million metric tons in 2023, said Septian Hario Seto, a deputy minister in Indonesia's Coordinating Ministry for Maritime Affairs and Investment, said on Wednesday.

Ford Motor Co. will take a direct stake in a battery-nickel plant under construction in Indonesia, deepening its role in the supply chain as carmakers try to secure materials for electric vehicles.

CaNickel Mining (TSXV: CML) has granted Cobalt One Energy an option to purchase CaNickel’s Bucko Lake nickel project for C$80 million ($59m). The mine is located about 110 km southwest of Thompson, Manitoba, near the town of Wabowden.

Russian mining and metals giant Nornickel has raised its global nickel surplus estimate for the current year due to lower than expected consumption in the battery sector, the company said in a market report.

Explorer Premium Nickel has announced a C$20-milion equity and debt financing package, which will provide the company with sufficient funds to meet its business objectives and liquidity requirements for another year.

Greatland Gold has uncovered nickel prospectivity at its wholly owned Panorama project in Western Australia.

France is seeking an agreement by the end of January to salvage New Caledonia's nickel industry, which has been hobbled by political tensions and high energy costs, Economy Minister Bruno Le Maire said on Monday.

Alaska Energy Metals (TSX: AEMC) has closed its 100% acquisition of the Angliers-Belleterre nickel-copper project in Quebec for $2.8 million.