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%.

Major coal miner Glencore will loan Pacific Nickel Mines over $32 million to advance the Kolosori nickel project in the Solomon Islands.

The global nickel market had a surplus of 20,800 tonnes in February, compared with a deficit of 1,700 tonnes in the same month last year, data from the International Nickel Study Group (INSG) showed on April 19.

PERTH – ASX-listed Pacific Nickel has appointed Haldane Morris as COO as the company moves to bring its Kolosori nickel project, in the Solomon Islands, into production as soon as possible.

A year on from the nickel crisis the London Metal Exchange (LME) is still struggling to regain trading momentum.