Horizonte Minerals (AIM: HZM) (TSX: HZM) has paused most construction activities at its Araguaia nickel project in Brazil with the company continuing to seek new sources of funding as its cash resources are running out.

Negotiators for EU governments and lawmakers reached a deal on Monday on targets for domestic supply of critical minerals such as lithium and nickel to reduce its reliance on third countries, principally China.

The United States and Indonesia on Monday will discuss how to advance a potential minerals partnership aimed a stimulating trade of the electric vehicle (EV) battery metal nickel, according to sources.

The annualized projection for Class 1 nickel in 2023 is 100,000 tonnes higher than 2022, he also noted.

Indonesia has approved 38 out of 84 requests for mining quota revisions this year, a mining ministry official told a parliamentary committee on Monday.

Glencore announced on Monday it has reduced its nickel production guidance for this year by 9% to approximately 102,000 metric tons due to maintenance and strikes.

Glencore Q3 2023 production report was published.

Horizonte Minerals Plc (AIM/TSX: HZM) (“Horizonte” or the “Company”), the nickel company developing two Tier 1 assets in Brazil, reports that construction activities continue to progress well at its Araguaia Nickel Project (“Araguaia” or “the Project”)...