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.

Tuesday, July 18, 2023

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.

Friday, July 14, 2023

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.

Wednesday, July 12, 2023

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.

Monday, July 10, 2023

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...

Thursday, July 6, 2023

Toro Energy digs horns deeper into Dusty Nickel Project in WA

Toro Energy digs horns deeper into Dusty Nickel Project in WA

Wednesday, July 5, 2023

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.

Wednesday, July 5, 2023

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...

Wednesday, July 5, 2023
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