PolyMet Mining in Definitive Deal for Glencore to Buy Full Control
Glencore has struck a deal to buy the outstanding shares of PolyMet Mining, gaining full control of a mine development company that holds a 50% stake in a copper and nickel joint venture with Teck Resources. |
Nordic Nickel flags string of ‘encouraging’ exploration results from Pulju Project, Finland
Nickel sulphide explorer Nordic Nickel (ASX:NNL) has defined further wide zones of nickel sulphide mineralisation at the Hotinvaara prospect within its flagship Pulju Nickel Project in northern Finland. |
Bofa cuts nickel price forecast to $22,063/t in 2023
Bofa cuts nickel price forecast to $22,063/t in 2023 ($23,222/t preciously); 2024 forecast unchanged at $21,250/t. |
Indonesia probes possible illegal nickel ore exports to China
Indonesian officials are investigating whether there have been illegal nickel ore shipments to China, more than three years after Jakarta banned exports of the commodity, its mining minister said on 7 July. |
How China Came to Dominate the World’s Largest Nickel Source for Electric Cars
Chinese firms mastered a process that unlocked Indonesia’s ore for use in making EV batteries.Across the Indonesian archipelago, new industrial plants are going up to process chunks of nickel ore for use in electric-car batteries. Five years ago, there were n... |
Toro Energy digs horns deeper into Dusty Nickel Project in WA
Toro Energy digs horns deeper into Dusty Nickel Project in WA |
Glencore offers to buy rest of PolyMet for $71m
Mining and commodities giant Glencore (LON: GLEN) has offered PolyMet Mining (NYSE: PLM) (TSX: POM) to buy the company’s shares it does not already own for $2.11 in cash each, or about $71 million. |
Nickel prices to weaken on market surplus: Australian government
Nickel supply surplus over the next two years will keep nickel prices lower, according to the Australian government’s latest Resources and Energy quarterly report. The LME nickel price, which is forecast to average about USD23,000/mt in 2023, respectively USD... |
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