Philippine nickel ore producer Global Ferronickel's (FNI) subsidiary Platinum Group Metals (PGMC) has shipped to China its first batch of nickel ore for this year's mining season.

A binding ore supply agreement signed between Queensland Pacific Metals Ltd (QPM) and Maï Kouaoua Mines (MKM), highlights QPM's growing presence and strength of relationships it has established in New Caledonia.

Nickel demand to increase to 3.13 million tons in 2023, supply to increase to 3.37 million tons.

April 24 (Reuters) - Most brokers and banks trading on the London Metal Exchange (LME) had a bumper year in 2022 in a highly-volatile market, but a provision by JP Morgan due to a nickel crisis weighed on its profits, according to results and industry sources.

CME Group Inc, the world’s largest derivatives exchange, is not planning to launch a nickel contract to rival the London Metal Exchange (LME), Terry Duffy, chair and chief executive of the group, told the Financial Times on April 24.

Horizonte Minerals said on April 24 it was on track to begin production at its Araguaia nickel mine in northern Brazil in the first quarter of 2024.

Wyloo Metals Pty Ltd., a privately-held mining company owned by Australian billionaire Andrew Forrest, has secured control of nickel and gold explorer Mincor Resources (ASX: MCR) by locking in a 51.24% interest.

Recently, Glencore announced its Q1 report. Q1 nickel production decreased 9,800 tons year-on-year to 20,900 tons, down 32%.