Trafigura, a market leader in the global commodities industry, has agreed to invest in an all-in-one nickel refinery that Korea Zinc is set to establish through its nickel sulfate subsidiary, Korea Energy Materials (KEMCO).
Korea Zinc signs KRW185 billion (USD140 million) Investment Agreement with Trafigura to Build an all-in-one Nickel Refinery
LX International Corp., the trading unit of South Korea’s LX Group, said on Tuesday it is slated to acquire a 60% stake in Indonesian miner PT Adhi Kartiko Pratama (AKP) at 132.9 billion won ($101.3 million) to produce nickel, a core material for electric batteries
LX International to Buy Indonesia’s PT AKP for Nickel Mining
Indonesia aims to cut carbon emissions to 250 million metric tons for its on-grid power sector in 2030 and increase its share of renewable energy generation to 44% under a Just Energy Transition Partnership (JETP), its plan showed on Wednesday
Indonesia Sets Emission Target for G7 Funding, Lays out Investment Map
There’s been no shortage of metals industry turmoil in the early years of the electric-car age, from ups in lithium prices that Elon Musk described as insane, to downs for cobalt springing from battery-chemistry shifts.
BMW and Mercedes Battery Partner Sees Big Nickel Supply Risk
A senior diplomat on Tuesday dropped some hints that a European company was already serious about building a nickel smelter in Indonesia, although the government official refused to go into details.
European Investor to Build Nickel Smelter in Indonesia: Gov’t
China Baowu Steel Group, the world's largest steelmaker, has put on hold the purchase of some Indonesian nickel assets owned by Tsingshan Holding Group, according to a Chinese media report
China Baowu Puts Deal for Tsingshan Nickel Assets on Hold – Report
Nickel smelters in top producer Indonesia are making rare purchases of ore from the Philippines to ease tight supplies, people familiar with the matter said, upending trade flows of the raw material and pushing up costs across the supply chain
Indonesian Nickel Smelters Turn to Philippines For Ore as Local Supply Tightens
A new Singapore-based commodities exchange aims to launch the world's first futures contract for a type of nickel used in the booming electric vehicles (EV) sector by the end of this year, an executive said on Thursday
New Singapore Commodity Exchange Aims to Launch EV Nickel Contract This Year
The push towards a more sustainable future requires various key minerals to build the infrastructure of the green economy.
Charted: America’s Import Reliance of Critical Minerals
Summary Nickel spot prices were higher the last month. Nickel market news – Wood Mackenzie is expecting a better H2 from both the stainless and battery segments. Nickel set to flood the LME, turning metal squeeze into glut. Nickel company news – Vale sells a 13% equity interest in Vale Base Metals Limited (VBM) to […]
Nickel Miners News For The Month Of July 2023