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nickel

Analysis – BHP faces nickel choice this year as high-cost Australian miners suffer

January 16, 2024January 16, 2024
Analysis - bhp faces nickel choice this year as high-cost australian miners suffer - photo licensed by shore news network.

By Melanie Burton MELBOURNE (Reuters) – Australian nickel producers, hit by a sharp jump in supply from rival Indonesia, are starting to buckle under low …

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U.S. Dept of Defense signs deal to boost domestic nickel production

September 12, 2023

(Reuters) – The U.S. Department of Defense on Tuesday entered into a $20.6 million agreement with a subsidiary of Canada’s Talon Metals Corp to increase …

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Indonesian nickel smelters turn to Philippines for ore as local supply tightens

August 30, 2023
Indonesian nickel smelters turn to philippines for ore as local supply tightens - photo licensed by shore news network.

By Mai Nguyen and Siyi Liu (Reuters) – Nickel smelters in top producer Indonesia are making rare purchases of ore from the Philippines to ease …

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Andrew Forrest’s Wyloo looks for more nickel deals as it seals Mincor buy

July 5, 2023
Andrew forrest's wyloo looks for more nickel deals as it seals mincor buy - photo licensed by shore news network.

By Melanie Burton MELBOURNE (Reuters) – Wyloo Metals, the privately held battery resources unit of Australia iron ore baron Andrew Forrest, sees room to grow …

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US Senator Rubio seeks probe of Ford’s Chinese partnership on nickel plant

May 3, 2023

By David Shepardson WASHINGTON (Reuters) -U.S. Senator Marcio Rubio on Wednesday asked the Biden administration to investigate Ford Motor Co’s plan to partner with PT …

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GEM plans nickel joint venture in South Korea to serve US demand

March 24, 2023
Gem plans nickel joint venture in south korea to serve us demand - photo licensed by shore news network.

BEIJING (Reuters) – China’s GEM Co Ltd, a battery and material recycler, has signed a joint venture agreement with SK On and ECOPRO Materials to …

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UK regulator launches probe into LME nickel trading halt

March 3, 2023
Uk regulator launches probe into lme nickel trading halt - photo licensed by shore news network.

By Iain Withers and Eric Onstad LONDON (Reuters) -A British financial watchdog on Friday launched its first ever investigation of a UK exchange for possible …

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UK watchdog may not probe LME cancelled nickel trades, lawyers say

March 3, 2023
Uk watchdog may not probe lme cancelled nickel trades, lawyers say - photo licensed by shore news network.

By Pratima Desai and Eric Onstad LONDON (Reuters) – An enforcement action launched on Friday by a British financial watchdog over a nickel crisis at …

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Steep levies on Russian aluminium could threaten U.S. nickel supply

February 17, 2023
Steep levies on russian aluminium could threaten u. S. Nickel supply - photo licensed by shore news network.

By Pratima Desai LONDON (Reuters) – Russia is likely to limit exports of key metals such as nickel and palladium if the United States imposes …

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Vale to supply GM with nickel for EVs, starting in 2026

November 17, 2022November 17, 2022
Vale to supply gm with nickel for evs, starting in 2026 - photo licensed by shore news network.

By Ernest Scheyder (Reuters) – Brazilian mining giant Vale SA will supply General Motors Co with battery-grade nickel for future electric vehicles, starting in 2026, …

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Canada ‘very unlikely’ to join OPEC-like group for nickel -gov’t source

November 17, 2022November 17, 2022
Canada 'very unlikely' to join opec-like group for nickel -gov't source - photo licensed by shore news network.

By Steve Scherer OTTAWA (Reuters) – Canada has not committed to establishing an OPEC-like organization for nickel-producing countries with Indonesia and is “very unlikely” to …

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Vale CEO says iron ore miner will spin-off copper, nickel unit

October 21, 2022October 21, 2022
Vale ceo says iron ore miner will spin-off copper, nickel unit - photo licensed by shore news network.

LONDON (Reuters) – The chief executive of Vale SA said on Friday the Brazilian iron ore miner is reconsidering a near-term spin-off of its base …

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Vale sees 44% increase in global nickel demand by 2030

September 7, 2022
Vale sees 44% increase in global nickel demand by 2030 - photo licensed by shore news network.

SAO PAULO (Reuters) – Brazilian mining company Vale said on Wednesday that global demand for nickel should increase 44% by 2030 compared to that expected …

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Nornickel reduces nickel, palladium sales in H1 as supply chains disrupted

August 2, 2022
Nornickel reduces nickel, palladium sales in h1 as supply chains disrupted - photo licensed by shore news network.

MOSCOW – Russian metals producer Nornickel said on Tuesday that its sales of nickel, palladium and platinum fell in the first half of 2022 due …

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Vale Indonesia, China’s Huayou sign agreement with Ford for nickel plant

July 21, 2022
Vale indonesia, china's huayou sign agreement with ford for nickel plant - photo licensed by shore news network.

JAKARTA – Nickel miner Vale Indonesia, China’s Zhejiang Huayou Cobalt and U.S. car maker Ford Motor signed a non-binding memorandum of cooperation to build a …

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Factbox-Extracts from court documents in LME nickel legal case

July 14, 2022
Factbox-extracts from court documents in lme nickel legal case - photo licensed by shore news network.

LONDON – Hedge fund Elliott Associates and Jane Street Global Trading JSGT) are seeking to sue the London Metal Exchange (LME) for a combined $472 …

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Hedge fund Elliott, Jane Street invoke Human Rights in LME nickel lawsuit

July 14, 2022
Hedge fund elliott, jane street invoke human rights in lme nickel lawsuit - photo licensed by shore news network.

By Kirstin Ridley and Pratima Desai LONDON – U.S. hedge fund Elliott Associates and Jane Street Global Trading are invoking the Human Rights Act as …

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LME launches reporting of OTC positions after nickel chaos

June 17, 2022
Lme launches reporting of otc positions after nickel chaos - photo licensed by shore news network.

By Pratima Desai LONDON -The London Metal Exchange (LME) approved rules on Friday for members to report all over the counter (OTC) positions, a move …

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Explainer-Why the London Metal Exchange is fighting a lawsuit for cancelling nickel trades

June 6, 2022
Explainer-why the london metal exchange is fighting a lawsuit for cancelling nickel trades - photo licensed by shore news network.

By Pratima Desai and Eric Onstad LONDON – U.S. hedge fund Elliott Associates is suing the London Metal Exchange (LME) for $456 million for cancelling …

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Indonesian president plans to meet Elon Musk over nickel -minister

May 9, 2022
Indonesian president plans to meet elon musk over nickel -minister - photo licensed by shore news network.

JAKARTA – Indonesian President Joko Widodo is planning to meet Elon Musk during an upcoming U.S. visit, a minister said on Monday, as the Southeast …

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Enough nickel, lithium for 14 million EVs in 2023 – European climate group

May 2, 2022
Enough nickel, lithium for 14 million evs in 2023 - european climate group - photo licensed by shore news network.

By Nick Carey (Reuters) – Data shows there is enough nickel and lithium to produce up to 14 million electric vehicles (EVs) globally in 2023, …

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Global nickel smelting up in March despite Ukraine, satellite data shows

April 5, 2022
Global nickel smelting up in march despite ukraine, satellite data shows - photo licensed by shore news network.

LONDON – Global nickel smelting activity climbed in March, including in major producer Russia despite the Ukraine conflict, data from satellite surveillance of nickel plants …

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Sumitomo Metal sees global nickel demand for battery use at 410,000 in 2022

March 29, 2022
Sumitomo metal sees global nickel demand for battery use at 410,000 in 2022 - photo licensed by shore news network.

TOKYO – Global demand for nickel used in batteries is expected to rise more than 20% this year on solid demand for electric vehicles (EVs), …

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LME nickel extends its slide as bugs still hit trading

March 18, 2022
Lme nickel extends its slide as bugs still hit trading - photo licensed by shore news network.

By Eric Onstad LONDON -The London Metal Exchange (LME) again widened its trading band for nickel on Friday, but for a third session in a …

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LME to resume nickel trading at 1400 GMT, mulls wider price limit

March 16, 2022
Lme to resume nickel trading at 1400 gmt, mulls wider price limit - photo licensed by shore news network.

LONDON – The London Metal Exchange (LME) will resume electronic nickel trading on Wednesday afternoon and is considering hiking its 5% price limit for the …

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UK FCA, Bank of England working with LME to resume nickel trading

March 14, 2022
Uk fca, bank of england working with lme to resume nickel trading - photo licensed by shore news network.

By Pratima Desai and Clara Denina LONDON -Britain’s Financial Conduct Authority (FCA) and the Bank of England are talking to the London Metal Exchange about …

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Contracts shield Asia’s EV battery makers from nickel surge, for now

March 9, 2022
Contracts shield asia's ev battery makers from nickel surge, for now - photo licensed by shore news network.

By Heekyong Yang and Norihiko Shirouzu SEOUL/BEIJING – Asian battery makers for electric vehicles are shielded from a big, immediate hit from surging nickel prices …

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LME forced to halt nickel trading, cancel deals, after prices top $100,000

March 8, 2022
Lme forced to halt nickel trading, cancel deals, after prices top $100,000 - photo licensed by shore news network.

By Eric Onstad LONDON – The London Metal Exchange (LME) was forced to halt nickel trading and cancel trades after prices doubled on Tuesday to …

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LME stops publishing official nickel prices after trading halt

March 8, 2022
Lme stops publishing official nickel prices after trading halt - photo licensed by shore news network.

LONDON – The London Metal Exchange (LME) will temporarily stop publishing official and closing nickel prices, it said following its suspension of trading in the …

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London Metal Exchange cancels nickel trades after price doubles

March 8, 2022
London metal exchange cancels nickel trades after price doubles - photo licensed by shore news network.

LONDON – The London Metal Exchange (LME) cancelled all nickel trades that took place on Tuesday when prices doubled in a matter of hours and …

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Brazil’s Vale expects Russia-Ukraine conflict to affect price of nickel, pellets

February 25, 2022
Brazil's vale expects russia-ukraine conflict to affect price of nickel, pellets - photo licensed by shore news network.

– Executives of miner Vale SA said on Friday that Russia’s invasion of Ukraine has led to speculation in the price of nickel, and they …

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Aluminium and nickel hit multi-year highs on Russian supply threat

February 22, 2022
Aluminium and nickel hit multi-year highs on russian supply threat - photo licensed by shore news network.

LONDON – Aluminium and nickel prices hit multi-year highs on Tuesday after Russia ordered troops into two breakaway regions of eastern Ukraine, raising fears of …

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Explainer-Costs of nickel and cobalt used in electric vehicle batteries

February 3, 2022February 3, 2022
Explainer-costs of nickel and cobalt used in electric vehicle batteries - photo licensed by shore news network.

By Pratima Desai LONDON – Rising sales of electric vehicles (EVs) and a scramble along the supply chain to secure materials have propelled prices of …

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