Revex Technologies has been awarded a $145 million grant from the U.S. Department of Energy’s Office of Manufacturing and Energy Supply Chains (MESC) to advance the REV Nickel Project. The funding, issued on January 15 but delayed due to administration changes, will support sustainable nickel concentrate production from metal-bearing waste streams, including mine tailings and...
READ MOREMagna Mining has finalized the acquisition of a portfolio of base metals assets in the Sudbury Basin from an affiliate of KGHM International. The acquisition includes the operating McCreedy West copper mine, as well as the past-producing Levack, Podolsky, and Kirkwood mines. The deal, completed under a share purchase agreement dated September 11, 2024, also...
READ MOREVale Indonesia’s new nickel-ore sales initiatives are anticipated to be a key growth driver in 2025, according to a research report by Nomura’s Ahmad Maghfur Usman and Verdhana Sekuritas analysts. The company has disclosed improved feasibility for its upstream mine and high-pressure acid leach (HPAL) projects, with a planned gross investment of $8.6 billion. Nomura...
READ MORECanada provides nearly half of the nickel used in the United States, but ongoing trade tensions between the two nations have raised concerns about future supply agreements. Mark Selby, CEO of Canada Nickel Company, stated in an interview with BNN Bloomberg that Canada could explore alternative trading partners if necessary. Nickel is a key component...
READ MORECanada Nickel Company has completed front-end engineering and design (FEED) for its $2.5 billion Crawford nickel project near Timmins, Ontario, enhancing key financial and operational metrics. The Crawford project is the world’s second-largest nickel reserve and resource, according to Wood Mackenzie. Based on data from a winter geotechnical program, test piling, and updated cost estimates,...
READ MOREKingsrose Mining Limited has announced the acquisition of the Jakon nickel-copper-cobalt project in Central Finland from Rio Tinto Exploration Finland Oy. This acquisition strengthens Kingsrose’s presence within the Kotalahti Nickel-Copper-Cobalt Belt and forms part of its Exploration Alliance with BHP in Finland. The Jakon project spans 205 km², bringing Kingsrose’s total landholding under the BHP...
READ MOREAn Indonesian nickel producer has announced a $1.8 billion investment in the construction of a new nickel and cobalt processing plant, as the country seeks to enhance the value of its mineral production. PT Merdeka Battery Materials confirmed this week that it has signed agreements to build the facility on the island of Sulawesi (Celebes)....
READ MOREPT Vale Indonesia announced that its 2024 nickel production reached 71,311 metric tons, surpassing its annual target of 70,805 metric tons and exceeding the previous year’s output of 70,728 metric tons. Sales volume for 2024 increased to 72,625 metric tons, reflecting a 2% rise compared to 2023 and an 8% quarterly increase in Q4 2024...
READ MORENickel prices exhibited a downward trend last week, with spot prices fluctuating between 123,200-127,300 yuan/mt and SHFE nickel futures ranging from 123,300 yuan/mt to 126,300 yuan/mt. Premiums for Jinchuan No.1 nickel were quoted between 1,700-2,100 yuan/mt, with an average premium of 1,850 yuan/mt, declining week-on-week. Market trading remained sluggish, while downstream end-use demand remained weak,...
READ MORENickel 28 Capital has successfully restored full production at the Ramu Nickel-Cobalt Mine’s Basamuk HPAL plant following a mechanical failure that temporarily reduced output. The company previously announced on December 18, 2024, that a blower malfunction in the acid plant required short-term operational adjustments. Repairs and replacement have now been completed, allowing production to resume...
READ MOREAustralian mining company South32 is evaluating the potential sale of its Cerro Matoso nickel operation in Colombia’s Córdoba department. The company launched a strategic review in response to structural shifts in the nickel market, citing price pressures and declining returns on ferronickel production. While the review identified potential efficiency improvements, South32 stated that the expected...
READ MOREIndonesia Battery Corporation (IBC) has announced plans to develop a nickel-based electric vehicle (EV) battery recycling plant by 2031. The initiative, revealed by IBC President Director Toto Nugroho, aims to recycle more than 99% of battery components, supporting the long-term sustainability of Indonesia’s nickel industry. “The nickel used in car batteries can be recycled and...
READ MOREThe company cited an “other expense” of $2.12 billion, a 67% increase from 2023, which included $445 million in foreign exchange losses, $295 million in legal and government proceedings, and $870 million in site rehabilitation provisions. Commodity price movements varied in 2024: Despite the loss, CEO Gary Nagle highlighted a strong operational year, with production...
READ MOREAnglo American has entered into a definitive agreement to sell its nickel business to MMG Singapore Resources, a subsidiary of MMG Limited, for up to $500 million. The transaction includes two ferronickel operations in Brazil—Barro Alto and Codemin—as well as two greenfield growth projects, Jacaré and Morro Sem Boné. The deal comprises an upfront cash...
READ MORETMC and PAMCO have successfully demonstrated the production of high-grade nickel-copper-cobalt alloy and manganese silicate using polymetallic nodules collected from the deep seafloor. The 2,000-tonne sample, gathered during TMC’s 2022 test mining, was processed at PAMCO’s facility in Hachinohe, Japan, over a 14-day continuous smelting campaign. This achievement marks a significant step toward commercial production,...
READ MOREIndonesia has leveraged its vast nickel ore reserves to develop a domestic processing industry, a move aimed at increasing revenue and economic diversification. The country, which banned nickel ore exports in 2020, has since become the leading global producer of refined nickel, accounting for nearly half of the world’s supply in 2023. The export ban...
READ MORECanada Nickel will receive $3.4 million in federal government funding to advance its proprietary in-process tailings (IPT) carbonation process at the pilot plant level. The IPT carbonation process transforms nickel mining tailings into a permanent carbon storage solution, and Canada Nickel has filed a patent application for the technology. The company’s Crawford nickel sulphide project...
READ MORELycopodium has been awarded the Definitive Feasibility Study (DFS) for the design engineering of the Hydrogen Sulphide Plant at the Kalgoorlie Nickel Project (KNP) – Goongarrie Hub in Western Australia. The project, managed by Kalgoorlie Nickel Pty Ltd (KNPL), a wholly-owned subsidiary of Ardea Resources Limited, represents a large-scale, multi-decade nickel operation located 70 kilometers...
READ MORENornickel, a leading global mining company, has released its financial results for 2024, showing a 13% decline in revenue to $12.5 billion and a 37% drop in net income to $1.8 billion. Free cash flow also decreased by 31% to $1.9 billion, while net debt rose 6% to $8.6 billion. The company’s reduced financial performance...
READ MOREChinese companies now control approximately 75% of Indonesia’s nickel refining capacity, according to a report by Washington-based global security nonprofit C4ADS. The report highlights concerns over supply chain dominance and environmental risks associated with this foreign influence. Indonesia’s total nickel refining capacity stands at 8 million metric tons, spread across 33 companies. However, ownership tracing...
READ MOREA New York judge has authorized Trafigura to subpoena records from major banks to trace the whereabouts of funds linked to a $600 million fraud the company alleges was orchestrated by metals trader Prateek Gupta. Trafigura filed a request in New York last month seeking access to bank records related to transfers made by companies...
READ MORESherritt International has announced expectations for increased nickel and cobalt production at its Moa Joint Venture in 2025, following a strong performance in 2024. In 2024, the Moa facility produced 30,331 tons of finished nickel and 3,206 tons of finished cobalt. For 2025, Sherritt projects nickel production to rise to between 31,000 and 33,000 tons,...
READ MORESumitomo Metal Mining has acquired full ownership of Coral Bay Nickel (CBNC) after purchasing the remaining shares from Nickel Asia (NAC). In a stock exchange filing on Monday, NAC confirmed it signed a Special Purchase Agreement to sell its 15.625% stake in CBNC to Sumitomo. Prior to the transaction, Sumitomo already held an 84.38% majority...
READ MOREU.S. President Donald Trump’s decision to revoke electric vehicle (EV) incentives has sparked concerns about its potential impact on Indonesia’s nickel industry and the growing dominance of Chinese firms in the Southeast Asian nation’s EV supply chain. Trump targeted EVs immediately after taking office on January 20, overturning a 2021 executive order by former President...
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