QPM receives state govt grant for TECH project
The Queensland government has granted Queensland Pacific Metals an A$8-million grant to advance its Townsville Energy Chemicals Hub (TECH) project towards investment readiness. |
IGO to record impairment against nickel assets in FY24 results
Australia’s IGO Ltd said on Tuesday it would record a non-cash impairment charge against its nickel exploration assets for fiscal 2024, though the move will not impact the company’s operating profit for the year. |
PT Kalimantan Ferro Industry(KFI) will build 18 Line Smelter nickel on Kaltim
PT Kalimantan Ferro Industry(KFI) plans to build 18 line smelter nickel using rotary kiln electric furnace (RKEF). |
Eramet and Huayou explore EV nickel partnership in Indonesia
French miner Eramet SA is exploring a partnership with Zhejiang Huayou Cobalt Co. to produce battery-grade nickel in Indonesia after a similar project with a European partner fell through last month. |
LME volumes hit 10-year high in second quarter, led by nickel
Futures and options average daily volumes on the London Metal Exchange (LME) hit a 10-year peak in the second quarter, jumping 27% year on year, the exchange said on Thursday. |
LME plans to suspend nickel brand of Nornickel’s Finnish plant from Oct 3
The London Metal Exchange (LME) will suspend the listing of a nickel brand produced by a plant in Finland owned by Russian metals giant Nornickel, it said on Wednesday, without providing a reason for the suspension. |
Global nickel prices have probably hit a floor, says Macquarie
Global nickel prices may have hit a floor, according to a Macquarie analyst who sees a market recovery driven by strong demand from the steel sector and as a surplus of ore supplies shrinks after Indonesia slowed production permits. |
Tsingshan plans another 50,000t nickel LME listing this year
China’s Tsingshan, the world’s biggest nickel producer, is planning to register 50,000 metric tons capacity of nickel cathode on the London Metal Exchange (LME) in the second half of 2024, a company official said on Wednesday. |
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