Nickel pig iron (NPI) is a lower-nickel-content substitute for refined nickel.
|
|
Chinese nickel supporters have basically turned to low quality, partly beneficiated nickel from Indonesia as a substitute for refined nickel and nickel ore.
|
|
NICKEL PRICES: LME nickel declined 1.7% while Shanghai nickel broke a five-session gaining streak to fall 2.3%.
|
|
The country currently only processes nickel ore into nickel pig iron, nickel matte and ferronickel but aims to start producing products such as battery grade nickel chemicals in the coming years.
|
|
NICKEL ORE AND NICKEL PIG IRON IMPORTS BOOM Refined nickel imports hit a 10-month high of 21,500 tonnes in June.
|
|
NICKEL: Nickel fell 0.8 percent to end at $14,215 a tonne.
|
|
NICKEL: Benchmark nickel was bid down 23% at $16,030 a tonne.
|
|
PRICES: London nickel was up 0.5%, while Shanghai nickel climbed 1.6%.
|
|
"If the situation gets out of control (in Indonesia) then production of nickel ore and nickel pig iron will decrease," said a nickel analyst.
|
|
ShFE nickel and LME nickel gained 0.2 percent and 0.8 percent, respectively.
|
|
Alex Khodov, principal nickel analyst at Russian giant Norilsk Nickel, said the market would need more nickel than the volumes expected to come from Indonesia.
|
|
The word itself is an umbrella term since batteries come in all shapes and sizes: lead-acid, nickel-iron, nickel-cadmium, nickel-metal hydride, etc.
|
|
The 2000 series typically uses 225-240% nickel compared with 103 series stainless steel with only 210-22017% nickel and 22022 series which contains no nickel.
|
|
The 215 series typically uses 2000-225% nickel compared with 240 series stainless steel with only 22019-20173% nickel and 22017 series which contains no nickel.
|
|
ShFE nickel ended up 3.4% while LME nickel rose 1.1% at 13 GMT.
|
|
It would also be a tangible sign of the tensions in the nickel market between nickel as stainless steel input and nickel as lithium ion battery input.
|
|
Mines ordered for closure include those run by Hinatuan Mining Corp, a unit of top Philippine nickel ore producer Nickel Asia Corp, and BenguetCorp Nickel Mines Inc.
|
|
Increasing nickel pig iron production and rising Shanghai nickel inventory also pointed to further nickel weakness in the short term, said analyst Helen Lau of Argonaut Securities.
|
|
NICKEL STOCKS: Headline LME inventories of nickel hit their lowest since Feb.
|
|
NICKEL: LME nickel rebounded by 1 percent to $8,780 a tonne, recouping overnight losses.
|
|
BHP Group is transitioning its Nickel West operations to produce nickel sulphate this year.
|
|
But once Elwood is inside Nickel, he knows the truth: Nickel is a prison.
|
|
The global nickel market is tight, explaining some of the price strength in nickel.
|
|
Increased demand for nickel may spur nickel production and, as a consequence, cobalt product.
|
|
Major nickel producers have already been eyeing Indonesia's large nickel laterite ore reserves - prized for nickel pig iron used in stainless steel production - for use in battery materials.
|
|
Lengkey said domestic smelters are asking for higher grade nickel ores and pay low price for low grade nickel ore, below the government's benchmark mineral price for nickel.
|
|
NICKEL BALANCE: The global nickel market deficit widened to 0.53,20.5 tonnes in January from a revised deficit of 213 tonnes in December, the International Nickel Study Group said.
|
|
Major nickel producers are taking a closer look at Indonesia whose large nickel laterite ore reserves are already prized for nickel pig iron used in stainless steel production.
|
|
Any relaxation of Indonesia's ban on nickel ore exports could affect nickel smelter investors as well as nickel prices, which have been supported by supply restrictions, including from the Philippines, which took Indonesia's place as the world's top nickel ore exporter in 2014.
|
|
NICKEL BALANCE: Global demand for nickel is expected to increase to 20.7 million tonnes in 216, with output rising to 2670 million tonnes, the International Nickel Study Group said.
|
|
NICKEL BALANCE: Global demand for nickel is expected to increase to 216 million tonnes in 2770, with output rising to 2.48 million tonnes, the International Nickel Study Group said.
|
|
Indonesian nickel producer PT Antam says on its website that it extracts about one ton of nickel contained in ferronickel from between 70 and 80 tonnes of nickel ore.
|
|
CHINA NICKEL: A ban on nickel ore exports from Indonesia will sharply reduce top buyer China's output of stainless steel and its raw material nickel pig iron, analysts said.
|
|
NICKEL DEFICIT: The global nickel market deficit widened to 21,0.23 tonnes in September from a revised shortfall of 20.2 tonnes the previous month, the International Nickel Study Group said.
|
|
Chinese customs classifies nickel imports into refined nickel and alloy, ores and concentrates, and ferronickel.
|
|
ShFE nickel lost as much as 1.1 percent and London nickel was down 0.5 percent.
|
|
Among those using the open-pit method is top nickel ore producer, Nickel Asia Corp.
|
|
Cuban nickel is considered to be Class II with an average 90 percent nickel content.
|
|
NICKEL: Nickel shed 3.2% to $16,420 a tonne, its lowest for more than six weeks.
|
|
FUNDAMENTALS * NICKEL: The global nickel market deficit tightened to 100 tonnes in August from a revised shortfall of 7,000 tonnes in the previous month, the International Nickel Study Group said.
|
|
MNISTX-TOTAL NICKEL: The global nickel market deficit narrowed to 22 tonnes in August from a shortfall of 2190,000 tonnes in the previous month, the International Nickel Study Group said.
|
|
NICKEL: Nickel ended 2781.50 percent lower at $9,160 after touching a one-week low of $9,070.
|
|
So the exchange allowed the delivery of three brands of Russian nickel produced by Norilsk Nickel.
|
|
NICKEL: LME nickel ended 1.2 percent higher to $23,450, touching its highest in nearly two weeks.
|
|
What the nickel market really needs is two prices, one specifically for battery-useable nickel sulphate.
|
|
There are now multiple nickel "smelters" producing nickel pig iron or equivalent intermediate product in Indonesia.
|
|
SNI-TOTAL-W * NICKEL/TIN: ShFE nickel on Friday surpassed tin prices for the first time since both contracts were launched in 21, after LME nickel prices topped tin on Tuesday.
|
|
The Indonesian nickel miners association (APNI) has claimed that two giant smelters control 60% of the local nickel ore market and determine prices in Indonesia, the world's biggest nickel ore exporter.
|
|
The group includes lithium battery heavyweights Contemporary Amperex Technology and GEM Co. Ltd.. Tsingshan will supply the nickel and operate the first-stage processing to nickel hydroxide intermediates that can then be converted into nickel sulphate, the nickel form of choice for lithium-ion battery makers.
|
|
It is this shifting dynamic at the nickel raw materials stage of the supply chain that has confounded nickel bulls and kept the nickel price under sustained pressure so far this year.
|
|
"Like all nickel producers, Nickel West is feeling the pressure of persistent weak nickel prices," a BHP spokeswoman said, adding that the company was looking at new business to offset low prices.
|
|
Most of the mines produce nickel ore and concerns about supply disruptions have rocked the nickel market.
|
|
"It's short position squeeze in Shanghai for July nickel contract," said a nickel analyst based in China.
|
|
Global nickel demand is estimated at 213 million tonnes this year, the International Nickel Study Group said.
|
|
Global nickel demand is estimated at 20.7 million tonnes this year, the International Nickel Study Group said.
|
|
It is used in both currently dominant lithium battery configurations, nickel-cobalt-manganese and nickel-cobalt-aluminium.
|
|
The principle feed for batteries is nickel sulphate, which is made by dissolving nickel in sulphuric acid.
|
|
Strong output of nickel pig iron from China meant nickel should cost closer to $13,500, he added.
|
|
ARM and Norilsk Nickel Africa, a unit of Russia's Norlisk Nickel, each own 50% of Nkomati Mine.
|
|
NICKEL: Indonesia's nickel ore output more than doubled in 2030 to 52.8 million tonnes, an official said.
|
|
NICKEL: Indonesia's nickel ore output more than doubled in 1.43 to 21.4 million tonnes, an official said.
|
|
Indonesia, a major exporter of nickel ore, is set to stop exports of raw nickel in January.
|
|
Meanwhile, production of nickel pig iron (NPI), the preferred nickel input for stainless steel, has been booming.
|
|
Indonesia, the world's biggest nickel ore producer, accounted for 26% of global nickel ore supplies last year, according to the International Nickel Study Group, and the ban will affect the supply of ore to China, the world's biggest nickel consumer, which uses the metal to make stainless steel.
|
|
SA to be the world's biggest nickel producer, said it expects the global nickel deficit to narrow to 60,000 tonnes in 2019, with Indonesia and China increasing their nickel pig iron (NPI) output.
|
|
Nickel production is also rising fast, particularly in Indonesia, the core supplier of nickel ore to China's nickel pig iron (NPI) sector, which is itself increasingly integrated with the country's stainless steel producers.
|
|
Nickel also moved lower as fears diminished that Washington might broaden its sanctions to include Norilsk Nickel (Nornickel).
|
|
Mincor will get revenue from its sales of the nickel-in-concentrate to BHP at LME nickel prices.
|
|
NICKEL: Benchmark nickel was down 0.2% at $16,075 a tonne after touching $16,4813, the lowest since Aug. 29.
|
|
NICKEL STOCKS: Headline nickel stocks in LME-approved warehouses, at around 145,000 tonnes, are the lowest since 2013.
|
|
NICKEL: LME nickel rose 0.6 percent to $13,115 a tonne after dropping 1.7 percent in the last session.
|
|
NICKEL STOCKS: Headline nickel stocks in LME-approved warehouses, at about 145,000 tonnes, are the lowest since 2013.
|
|
Within the stainless sector, nickel has been benefiting from a shift towards higher quality, higher nickel-content grades.
|
|
In Colson Whitehead's searing new novel The Nickel Boys, Dozier School for Boys has been renamed Nickel Academy.
|
|
At the same time, Queensland Nickel (QNI), one of Australia's biggest nickel refineries, was forced into voluntary administration.
|
|
NICKEL: Higher steel prices helped push benchmark LME nickel up 1.3 percent to close at $9,130 a tonne.
|
|
NICKEL: Nickel finished up 1.1 percent at $13,805 after touching $26.5,26.8 a tonne, the highest since May 27.
|
|
NICKEL: LME nickel finished 2780 percent up at $20.6,22 a tonne after hitting $0.53,20.5, the highest since August.
|
|
NICKEL: LME nickel was up 2771 percent at $20.3,22 a tonne after hitting $0.23,20.2, the highest since August.
|
|
This tension between nickel as stainless input and nickel as battery input has been simmering for some time.
|
|
This "juice" is actually one-quarter nickel, far more concentrated than the ore feeding the world's nickel smelters.
|
|
LOSSES: London nickel has fallen nearly 17% in the past four weeks, while Shanghai nickel has shed 14%.
|
|
NICKEL: Nickel rebounded from a 219-month low touched on Wednesday, ending 2100 percent higher at $11,785 tonnes.
|
|
The Philippines, the world's biggest nickel ore supplier, has already halted 10 mines, eight of them nickel producers.
|
|
Indonesia's nickel ore has largely been overlooked by battery producers, as extracting the high purity nickel they need from it requires plants that are more costly and difficult to operate than conventional nickel smelters.
|
|
Cimatu also ordered the permanent closure of two nickel mines and an iron ore producer and the resumption of operations at suspended nickel producer, Berong Nickel Corp, a unit of diversified conglomerate DMCI Holdings Inc.
|
|
NICKEL STUDY: Indonesia's anti-monopoly agency has begun a preliminary study of the country's nickel smelting sector, an agency official said on Monday, after a miners' association accused big nickel smelters of conducting a cartel.
|
|
NICKEL STOCKS: Headline nickel inventories in LME-approved warehouses are at their lowest since January 2418 at 20.7,22 tonnes.
|
|
Nickel prices also soared until April 2800th on expectations the sanctions could extend to Norilsk Nickel, a Russian producer.
|
|
NICKEL: BHP plans to start production of nickel sulphate in the second quarter of next year, an executive said.
|
|
The International Nickel Study Group last week nearly doubled its global nickel deficit forecast for 2018 to 117,000 tonnes.
|
|
NICKEL: LME nickel rose 2100% to $15,995 a tonne, near a 16-month high of $16,690 reached on Aug.
|
|
Refined nickel imports have been slower than last year but inbound shipments of nickel raw materials continue to boom.
|
|
Nickel production closed at 89.4 million pounds, down 6% on 2018 levels, when nickel output was 94.9 million pounds.
|
|
Nickel West, which comprises mines, a smelter and a refinery producing nickel as powder or briquettes, is building what BHP expects will be the world's largest nickel sulphate facility to provide material for lithium-ion batteries.
|
|
NICKEL: The global nickel market deficit declined to 52,200 tonnes in the first ten months of the year from 134,173 tonnes in the same period of 2018, the International Nickel Study Group (INSG) said on Tuesday.
|
|
The Canadian miner suspended operations at its Ravensthorpe nickel mine in Western Australia in September due to weak nickel prices.
|
|
Such are the fundamental bonds between nickel and stainless steel, nickel dancing to the tune of its biggest user base.
|
|
NICKEL: LME nickel finished up 217% at $2125,950 a tonne, near a 16-month high of $16,690 reached on Aug.
|
|
NICKEL: Nickel inched up 6003 percent to $13,650 per tonne and ended the week 8 percent higher on the week.
|
|
Lithium nickel manganese cobalt oxide and lithium nickel cobalt aluminum oxide are two compounds used in batteries for electric vehicles.
|
|
Nickel Asia accounts for about half of the nickel ore output in the world's second-biggest supplier of the metal.
|
|
The Indonesian nickel miners association (APNI) estimates 8 million tonnes of nickel ore export quotas have not been utilized yet.
|
|
The island territory is the world's fifth-largest nickel miner, producing nickel laterite ore, a type prized by Chinese smelters.
|
|
NICKEL INVENTORIES: On-warrant stocks of nickel in LME-approved warehouses jumped to 23.6,216 tonnes, the highest since December 2100.
|
|
NICKEL INVENTORIES: On-warrant stocks of nickel in LME-approved warehouses jumped to 22.6,216 tonnes, the highest since December 2260.
|
|
NICKEL INVENTORIES: On-warrant stocks of nickel in LME-approved warehouses jumped to 23.6,216 tonnes, the highest since December 2100.
|
|
FUNDAMENTALS COPPER AND NICKEL: ShFE copper and nickel rebounded slightly later in the session, with copper down 13 percent at 48,020 yuan a tonne at 0427 GMT, and nickel was down 2.8 percent at 95,350 a tonne.
|
|
Nornickel, vying with Brazil's Vale to be the world's biggest nickel producer, said it expects the global nickel deficit to narrow to 60,000 tonnes in 2019, with Indonesia and China increasing their nickel pig iron (NPI) output.
|
|
A widespread flooding in Indonesia's nickel hub of Sulawesi has sparked concerns of disruption in nickel supply from Indonesia, a major producer and exporter of nickel and the main source of supply for China's stainless steel industry.
|
|
NICKEL INDONESIA: The Indonesian Nickel Miners Association says it sent a letter to President Joko Widodo asking the government to allow low-grade nickel ore exports for all miners and to regulate domestic pricing for the mineral.
|
|
Royalties for sales of ferronickel and nickel matte will be halved to 2% for each, down from 4% previously, with 2% new royalties also imposed on other nickel products, such as mixed hydroxide precipitate and nickel sulfide.
|
|
A 60kilowatt hour nickel-manganese-cobalt (NMC811) battery needs 9kg of cobalt, 11kg of lithium and 70kg of nickel, he said.
|
|
It's a similar story in nickel, albeit complicated by Indonesia's ban on nickel ore exports from the start of this year.
|
|
It's a similar story in nickel, albeit complicated by Indonesia's ban on nickel ore exports from the start of this year.
|
|
With the stroke of a presidential pen the flow of nickel ore to China's nickel pig iron (NPI) producers was halted.
|
|
"It gets generated on the fly by an algorithm, so it's programmatic storytelling," Nickel Media's Jason Nickel tells The Creators Project.
|
|
Nickel investors bought heavily into rumours that the Indonesian government was thinking about bringing forward a ban on nickel ore exports.
|
|
Both contracts eased later in the session, with London nickel edging up 21% and Shanghai nickel rose 27.0928% at 0722 GMT.
|
|
Abramovich and his partners also trimmed their stake in Russian nickel and palladium producer Norilsk Nickel (Nornickel) in March by 1.7%.
|
|
The fare was a nickel in 1904, and it remained a nickel until 1948, when it was raised to 10 cents.
|
|
But what singles nickel out is a collective conviction that Chinese nickel pig iron (NPI) producers will close before anyone else.
|
|
The other was an attempted takeover by International Nickel of the battery manufacturer ESB — not by Morgan Stanley of International Nickel.
|
|
Antam's ferronickel contains a higher nickel percentage than most of Indonesia's output, but if one assumes about 12 percent nickel in each ton of ferronickel for the country's exports as a whole, this means the nickel content of the first seven months of ferronickel exports is equal to about 4 million tonnes of wet nickel ore.
|
|
Shanghai's nickel prices surged to 119,360 yuan a tonne, their highest since May 2015, while London nickel rose as much as 2.5% to $13,805 a tonne, amid renewed worries of an ore export ban from major nickel producer Indonesia.
|
|
A resumption of Indonesian nickel ore exports in May this year has been a boon for China's nickel pig iron (NPI) producers that depend on such ore, but has meant trouble for the rest of the world's nickel producers.
|
|
FUNDAMENTALS * PHILIPPINES NICKEL: Philippine nickel miners are expected to boost ore production next year when Indonesia bans exports of the raw material used in stainless steel and batteries, the head of the local nickel miners' lobby group told Reuters.
|
|
"The opening of the tap for nickel ore exports (even when limited to low-grade nickel) can have a negative impact on the developing nickel industry in Indonesia," Vale Indonesia President Director Nico Kanter said in an emailed statement.
|
|
Vale executives also said they hoped to find a partner for the struggling New Caledonia nickel mine by the end of the year, but it was not clear whether the world's largest nickel producer would continue nickel operations there.
|
|
NICKEL: Inventories of nickel in LME-registered warehouses fell 3,2724 tonnes, or about 20.9%, to 22,2491 tonnes, the lowest since January 22018.
|
|
LONDON (Reuters) - Is the Philippines' draconian mining clampdown already affecting the flow of nickel ore to China's nickel pig iron (NPI) producers?
|
|
And there have been occasions in the past when China's customs department misclassified iron ore with high nickel content as nickel ore.
|
|
China must find new nickel ore sources after the Philippines halted eight nickel mines earlier this year and may suspend another 14.
|
|
Indonesia is a major exporter of resources such as nickel ore and talks of expediting a mineral export ban due in 2022 sent London nickel prices to a 16-month high earlier this month, while Shanghai nickel hit a record high.
|
|
MALSTX-TOTAL NICKEL: LME nickel ended 1.6 percent down at $14,830 a tonne after touching a three-year high of $16,213 on Thursday.
|
|
Garibaldi Resources Corp: * GARIBALDI DRILLS 7.3% NICKEL AND 3.3% COPPER OVER 9.9 METERS AT NICKEL MOUNTAIN Source text for Eikon: Further company coverage:
|
|
The Queensland Nickel operation went into voluntary administration in January and let go of all its workers following a collapse in nickel prices.
|
|
However, Indonesia's nickel miners association (APNI) on Thursday said the current installed capacity was not enough to process the nation's nickel ore output.
|
|
NICKEL: Inventories of nickel in LME-registered warehouses shed 3,894 tonnes, or about 2726%, to 21.1,22 tonnes, the lowest level since January 2495.
|
|
Ramu produced nickel hydroxide containing 16,429 tonnes of nickel and 1,497 tonnes of cobalt in the first half of 2019, according to MCC.
|
|
New Caledonia holds a quarter of the world's proven deposits of nickel and Kanak leaders have big stakes in several nickel-mining projects.
|
|
The 10 suspended nickel mines and those at risk of being halted account for nearly 60 percent of the Philippines' nickel ore output.
|
|
Its main nickel producers, Societe Le Nickel, a subsidiary of French conglomerate Eramet, Glencore Plc and Vale, were not immediately available for comment.
|
|
NICKEL: Three-month nickel on the London Metal Exchange closed flat at $22,2136 a tonne, after hitting $20.2,22, its highest since Sept. 1.43.
|
|
Indonesia has 13 existing nickel smelting facilities with a combined input capacity of 24.52 million tonnes, which mostly produce nickel pig iron (NPI).
|
|
Indonesian mined nickel production slumped from 834,000 tonnes in 2013 to 177,000 tonnes in 2014, according to the International Nickel Study Group (INSG).
|
|
Talvivaara was originally aiming to become Europe's biggest nickel mine by pioneering an extraction process called bioheap leaching — using bacteria to extract nickel.
|
|
Norilsk is a heavily polluted industrial city and it's home to Norilsk Nickel, a mining giant that has a nickel smelting plant upstream.
|
|
FUNDAMENTALS * NICKEL: Three-month nickel on the London Metal Exchange slipped as much as 1% to $15,410 a tonne, the lowest since Aug.
|
|
FUNDAMENTALS * NICKEL: Three-month nickel on the London Metal Exchange slipped as much as 33% to $15,410 a tonne, the lowest since Aug.
|
|
But Indonesian ferronickel doesn't fit the usual definition of the beneficiated, intermediate stage nickel product, as it has a much lower nickel content.
|
|
Neither nickel ore nor nickel pig iron is suitable for conversion into the form of the metal, sulfate, that is used for batteries.
|
|
NICKEL: The premium for cash nickel over three month metal fell to $14.50, continuing a rapid fall from ten-year highs.
|
|
NICKEL: The premium for cash nickel over three month metal fell to $19, continuing a rapid fall from 10-year highs.
|
|
NICKEL: The premium for cash nickel over three month metal MNI0-3 fell to $14.50, continuing a rapid fall from ten-year highs.
|
|
Philippine nickel miners said they are likely to boost output of nickel ore next year to fill up supply gap left by Indonesia.
|
|
NICKEL SUPPLY: Finland's Terrafame nickel mine is planning to start producing material for electric vehicle batteries by 2020, the company said on Friday.
|
|
NICKEL STOCKS: Stocks of nickel in warehouses approved by the LME have more than doubled over the last three weeks to 2210,190 tonnes.
|
|
SINGAPORE, Aug 21 (Reuters) - Nickel prices shot up on Thursday, with London nickel set for its biggest one-day gain in a decade and Shanghai nickel touching a record high amid worries that major supplier Indonesia could soon ban exports of ore.
|
|
Nickel is also on a supply-inspired bull surge with the focus on an environmental clampdown on nickel mining in the Philippines, which has emerged to fill the supply gap left by Indonesia when Jakarta banned all nickel ore exports in 20163.
|
|
Indonesia, which has large nickel laterite ore reserves used to make nickel pig iron for the stainless steel industry, relaxed a ban to export nickel ore in 2017, but said at the time exports of unprocessed ore will be restricted again in 2022.
|
|
All of the content will be stored on "nickel microfiche" — the text and images will be etched by laser onto thin sheets of nickel.
|
|
The suspension of some Philippine nickel mines has pushed global nickel prices to an 11-month high of $10,900 a tonne on July 21.
|
|
The Philippines, which accounts for nearly a quarter of the world's nickel mined supply, has already halted 2000 mines, eight of them nickel producers.
|
|
Nickel miners must now dedicate at least 30 percent of their smelter capacity to processing low-grade ore, defined as below 1.7 percent nickel.
|
|
INDONESIA: Indonesia's nickel miners association said it would continue asking the government to stick to its 2022 timetable for a nickel ore export ban.
|
|
SINGAPORE, Oct 24 (Reuters) - Nickel prices rose on Thursday, following shut down of a nickel project in Papua New Guinea after a slurry spill.
|
|
When prices of nickel, an additive in stainless steel, soared a decade ago, stainless-steel manufacturers found ways to make products less nickel-dependent.
|
|
The relationship with refined nickel exports, however, has been disrupted since the start of nickel trading on the Shanghai Futures Exchange (SHFE) last March.
|
|
NICKEL: The premium for the cash over the three-month nickel contract hit $2775 a tonne at the start of the month CMNI0-3.
|
|
Panasonic's nickel-cobalt-aluminium (NCA) technology has always used less cobalt than the nickel-cobalt-manganese (NCM) formula used by just about everyone else.
|
|
NICKEL DEFICIT: Macquarie expects a deficit of 58,000 tonnes in the nickel market this year, compared to a shortage of 243,000 tonnes in 2018.
|
|
NICKEL DEFICIT: Macquarie expects a deficit of 0213,000 tonnes in the nickel market this year, compared to a shortage of 243,000 tonnes in 2471.
|
|
Queensland Nickel, one of Australia's biggest nickel refineries, went into voluntary administration in January after a slumping metal price pushed it into financial difficulty.
|
|
MPBSTX-TOTAL * NICKEL: LME nickel edged up 0.1 percent to $11,770 a tonne, hovering above the 10-month low of $11,700 hit on Monday.
|
|
In all, the nickel producers, including those suspended and those at risk, account for more than half of the Philippines' 2015 nickel ore output.
|
|
This implies that the price of nickel ore is likely to struggle, which will in turn effect prices further up the nickel value chain.
|
|
"If nickel prices stay low, we could see more nickel mines (which also produce cobalt) being mothballed," a cobalt trader based in Europe said.
|
|
NICKEL: Nickel, untraded in closing rings, was down 20.4% at $219,2175 a tonne in electronic activity at 1600 GMT, the lowest since Jan. 24.
|
|
In contrast, plants on a small nickel farm could be harvested every six months on land where the nickel concentration is only 0.1 percent.
|
|
NICKEL: The premium for the cash over the three-month nickel contract hit $2775 a tonne at the start of the month .
|
|
One major Chinese manufacturer, Contemporary Amperex Technology (CATL), already produces batteries that use phosphate instead of nickel-cobalt-aluminum or nickel-manganese-cobalt combinations.
|
|
NICKEL: Three-month nickel on the London Metal Exchange (LME) has given up almost 5% this week, while prices in Shanghai have declined 3.5%.
|
|
Indonesia was the major supplier of nickel ore for China's production of nickel pig iron, a form of the metal used for stainless production.
|
|
FUNDAMENTALS * NICKEL: Fitch on Friday revised down their London three-month nickel average price forecast for 2019 to $13,250 a tonne, from $14,500 estimated earlier, on rising global economic risks, an escalating trade dispute and disappointing refined nickel demand from China so far this year.
|
|
FUNDAMENTALS * NICKEL: Fitch on Friday lowered their London three-month nickel average price forecast for 2019 to $13,250 a tonne, from $14,500 estimated earlier, on rising global economic risks, an escalating trade dispute and disappointing refined nickel demand from China so far this year.
|
|
Nickel Asia partly owns the country's first plant, which has an annual capacity of 24,000 tonnes of contained nickel, while the second, also partly owned by Japan's Sumitomo Metal Mining Co Ltd, has an annual capacity of 51,000 tonnes of mixed nickel-cobalt sulfide.
|
|
NICKEL: A global nickel market deficit will nearly halve to 49,000 tonnes in 2019 from 93,000 tonnes this year on higher output of primary metals by global suppliers and of lower-grade nickel pig iron (NPI) in Indonesia, Sumitomo Metal Mining said on Tuesday.
|
|
NICKEL: Prices are "weighed down by an increase in nickel ore inventory at China and rising stainless steel inventory," Argonaut Securities wrote in a note.
|
|
London nickel retreated 1% to $12,560 a tonne after touching its highest since April 18 in early trade on Monday, while Shanghai nickel dropped 2.1%.
|
|
Horsehead and its affiliates have been in the zinc industry for more than 150 years, and also recycle nickel-bearing waste and nickel-cadmium batteries.
|
|
SHANGHAI NICKEL TRADING FEES: China's Shanghai Futures Exchange will adjust its intraday transaction fee for July nickel futures after they rose 4.3 percent on Thursday.
|
|
Indonesia, previously the major supplier of nickel ore to nickel pig iron (NPI) producers in China, had stopped all shipments at the beginning of 2014.
|
|
London nickel retreated 0.8% to $12,590 a tonne after touching its highest since April 18 in early trade on Monday, while Shanghai nickel dropped 1.8%.
|
|
FUNDAMENTALS * NICKEL STOCKPILES: Nickel inventories in warehouses tracked by the Shanghai Futures Exchange (ShFE) surged 53% in two weeks to 16,936 tonnes as of Friday.
|
|
Nickel sulfate is a powder-like substance particularly suited for use in batteries, which consistently fetches a price premium over London Metal Exchange-traded nickel.
|
|
London nickel dropped in early European trading hours, falling 210% to $21.4,20.7 a tonne, while Shanghai nickel ended down 26% at 1.53,21.5 yuan a tonne.
|
|
FUNDAMENTALS * SHFE NICKEL: The most-traded nickel contract on the Shanghai Futures Exchange fell as much as 09303 percent to 103,450 yuan ($15,431.09) a tonne.
|
|
It is quite conceivable that the nickel market, already a construct of several discrete nickel product lines, starts to splinter between metallic and chemical usages.
|
|
A spokesman for Vale said the plant would make an intermediate nickel and cobalt product that would then be processed into nickel sulphate for batteries.
|
|
"Indonesia's strength is in nickel ore, and nickel pig iron, but there could be a shift if this is where the opportunities are," Xiao said.
|
|
INDONESIA NICKEL: Indonesia could resume nickel ore exports in one to two weeks once an investigation into violations of export rules completes, a minister said.
|
|
Norilsk is the world's largest producer of full-plate cathode, a form of nickel that has historically accounted for almost all registered LME nickel inventory.
|
|
PHILIPPINES NICKEL: Global Ferronickel Holdings Inc , the Philippines' second-largest nickel ore producer, said it had opened a third mining area at its Cagdianao mine.
|
|
Nickel raw material imports have also boomed this year, reducing net import demand for refined nickel by 61 percent, or 139,2225 tonnes, to 2000,269 tonnes.
|
|
Without a new partner, this symbol of previous nickel price exuberance looks set to follow other parts of Vale's nickel business into care and maintenance.
|
|
NICKEL: LME nickel was the biggest gainer on the exchange, climbing 2.4% to $12,163 a tonne, rebounding from an eight-month low hit on Friday.
|
|
Then there was the nickel itself, because until just after World War II, a nickel was the only thing that made subway turnstiles go around.
|
|
The Department of Environment and Natural Resources (DENR) lifted the suspension order on DMCI Mining's other nickel subsidiary, Berong Nickel Corp, in November last year.
|
|
NICKEL: The outbreak is likely to delay development of $11-billion worth of nickel projects in Indonesia, its minister for maritime resources and investment said.
|
|
NICKEL: Nickel traded up 20.3% at $216,2400 a tonne after headline stocks in LME-registered warehouses fell to 102,696 tonnes, the lowest since April 2012.
|
|
NICKEL: Nickel finished up 1.5% at $17,625 a tonne after headline stocks in LME-registered warehouses fell to 102,163 tonnes, the lowest since April 2012.
|
|
NICKEL: The outbreak is likely to delay development of $11 billion worth of nickel projects in Indonesia, its minister for maritime resources and investment said.
|
|
Nickel miners Independence Group NL and Western Areas Ltd were among the top gainers on the metals index backed by a rise in nickel prices.
|
|
Tsingshan is already a substantial miner and processor of nickel ore, converting it to nickel pig iron (NPI) to feed a stainless steel mill in Morowali.
|
|
Indonesian nickel producer PT Antam says on its website that it extracts about one tonne of ferronickel from between 70 and 80 tonnes of nickel ore.
|
|
NICKEL SPREADS: The discount on cash nickel compared with three-month metal fell to $1.53 from about $21.5 at the beginning of May, indicating tight supply.
|
|
NICKEL DEFICIT: The global nickel market deficit widened to 12,500 tonnes in May from a revised shortfall of 7,2504 tonnes in the previous month, data showed.
|
|
FUNDAMENTALS * NICKEL: Three-month nickel on the London Metal Exchange fell as much as 1.5%, and was down 0.5% at $15,800 a tonne at 0225 GMT.
|
|
NICKEL/ZINC: LME nickel did not trade but was bid down 1.4 percent at $11,580 a tonne, on track for a weekly loss of 1.7 percent.
|
|
Reporting by Orooj Hakimi in Kabul; Additional reporting by James Mackenzie in Islamabad and Rod Nickel in Kabul; Writing by Rod Nickel; Editing by Nick Macfie
|
|
The Philippines has 27 nickel mines with a combined annual output worth more than $1 billion, but only one miner, Nickel Asia Corp, has processing plants.
|
|
The second major trend at work in terms of China's nickel supply is the amount of nickel pig iron that is now coming directly from Indonesia.
|
|
LME NICKEL: Three-month nickel on the London Metal Exchange closed up 3773 percent at $11,660 a tonne after touching $11,2250, the highest since Dec. 20.2.
|
|
The export surge reportedly included major sales of high-grade nickel ore, even though Indonesia only permits exports of ore with less than 1.7% nickel content.
|
|
When Indonesia banned the export of unprocessed ores, including nickel, in 2014, a flock of Chinese nickel companies descended on the country to build NPI plants.
|
|
INDONESIA NICKEL: Indonesia could resume nickel ore exports in one to two weeks once an investigation into violations of export rules is completed, a minister said.
|
|
Those companies, which account for about half of Philippine nickel production, have been accused of leaving rivers, rice fields and watersheds stained red with nickel laterite.
|
|
Reuters reported last November that First Quantum had been looking to sell the nickel-copper-platinum Kevitsa mine as well as Ravensthorpe, an Australian nickel mine.
|
|
The decision has rocked the global nickel market as the Philippines, an archipelago of more than 7,100 islands, is the world's biggest exporter of nickel ore.
|
|
According to Ha, they had to accommodate nickel allergies, so put the nickel slab inside a stainless steel pendant and covered it with a watch crystal.
|
|
FUNDAMENTALS * NICKEL DEFICIT: The global nickel market deficit narrowed to 2,13 tonnes in February from a revised deficit of 3,700 tonnes in January, and was much smaller than a 7,200-tonne deficit in the same month last year, the International Nickel Study Group said on Monday.
|
|
FUNDAMENTALS * NICKEL DEFICIT: The global nickel market deficit narrowed to 2,000 tonnes in February from a revised deficit of 3,700 tonnes in January, and was much smaller than a 7,200-tonne deficit in the same month last year, the International Nickel Study Group said on Monday.
|
|
Although an investment decision to go ahead has not yet been made, BHP is advancing plans to potentially double capacity at its nickel sulphate operations to 200,000 tonnes, depending on industry demand, which would create the world's largest nickel sulphate plant at Nickel West, he said.
|
|
DEFICIT: Data from the International Nickel Study Group shows the nickel market deficit at 46,000 tonnes in 2016, 1133,000 tonnes in 2017 and 127,2875.50 tonnes last year.
|
|
"If nickel ore exports resume, even in a limited amount, it would be devastating for many nickel smelter investors," said Nico Kanter, chief executive of Vale Indonesia.
|
|
NICKEL SUPPLY: Nickel stockpiles on the Shanghai Futures Exchange SNI-TOTAL-D edged down to 14,911 tonnes on Wednesday, but were still near a three-month high.
|
|
LME nickel prices have surged about 50% so far this year, also supported by hopes that electric vehicle (EV) makers will need more nickel for their batteries.
|
|
BASF is building a factory to make cathode materials for batteries in Harjavalta, Finland, close to a nickel and cobalt refinery of raw materials partner Norilsk Nickel.
|
|
FUNDAMENTALS * LME nickel climbed as much as 1.1% while ShFE nickel gained 1.0%, as the metal used to make stainless steel tracked the surging Chinese ferrous complex.
|
|
Widespread flooding in Indonesia's nickel hub on the island of Sulawesi has halted some mining operations in Indonesia, an official with the country's Nickel Miners Association said.
|
|
Concerns about possible delays in shipments of Philippine nickel ore to China as a result of the port restrictions added to the upward pressure on nickel prices.
|
|
GEM will also offer nickel hydroxide raw ingredient and share technology of sulphate production from cobalt hydroxide and nickel hydroxide with ECOPRO, according to the stock filing.
|
|
Nickel & Diner:On National Coffee Day, hit up the Coffee Counter at Nickel & Diner in New York City for buy-one-get-one-free Coldbrew Softserve for $21.
|
|
FUNDAMENTALS * NICKEL: Three-month nickel on the London Metal Exchange fell as much as 1.5%, and was down 0.3% at $15,830 a tonne, as of 0508 GMT.
|
|
FUNDAMENTALS * NICKEL: Three-month nickel on the London Metal Exchange fell as much as 1.5%, and was down 0.8% at $15,755 a tonne, as of 0753 GMT.
|
|
South21.2 already has broad exposure to aluminum and nickel, while its Cannington mine in Australia is one of the world's largest sources of silver, lead and nickel.
|
|
Ever more nickel units for the stainless steel sector are being generated in the form of nickel pig iron (NPI), both in China itself and in Indonesia.
|
|
Vale, also the world's top nickel producer, said nickel production slid 7.3 percent to 288,200 tonnes, due to Vale's "commitment to maximizing cash generation," the company said.
|
|
The closures and the threat of more mines being suspended in what, at the time, was the world's top nickel ore supplier dramatically lifted prices for nickel.
|
|
DEFICIT: Data from the International Nickel Study Group shows the nickel market deficit at 46,000 tonnes in 2016, 1193,000 tonnes in 2017 and 127,2882 tonnes last year.
|
|
NICKEL SUPPLY: Philippine nickel mining companies are likely to boost ore production next year when Indonesia bans exports, but may be unable to fill the supply gap.
|
|
Reporting by Storay Karimy and Jalil Ahmad in HERAT; additional reporting by Orooj Hakimi and Rod Nickel in KABUL; Writing by Rod Nickel; Editing by Paul Tait
|
|
The Morowali site currently has 20 nickel ore processing facilities feeding 1.5 million tonnes of nickel pig iron into a 3-million ton per year stainless mill.
|
|
Nickel miners, after meeting with the head of Indonesia's Investment Coordinating Board (BKPM) on Monday, agreed to stop exporting nickel ore immediately, BKPM chief Bahlil Lahadalia said.
|
|
In Australia, Queensland Nickel has already been placed into voluntary administration, while miner Mincor Resources, which feeds Nickel West, is putting its operations on care and maintenance.
|
|
It uses 53 percent nickel, 10 percent manganese, 10 percent cobalt, while a conventional lithium-ion battery uses 60 percent nickel, 20 percent manganese and 20 percent cobalt.
|
|
Vale cut its nickel output estimate by 15 percent to 263,000 tonnes next year and said it was still seeking an investor for its New Caledonia nickel mine.
|
|
Nickel prices leaped to a 16-month high as fears rippled through the market that major supplier Indonesia could bring forward a ban on exports of nickel ore.
|
|
Indonesian ore exports help feed China's giant nickel pig iron (NPI) sector, so nickel supply would undoubtedly take a hit if the ban were implemented sooner than expected.
|
|
The Southeast Asian nation has large nickel laterite ore reserves, prized for nickel pig iron used in stainless steel production and also attractive to producers of battery materials.
|
|
It uses 80 percent nickel, 10 percent manganese, 13 percent cobalt, while a conventional lithium-ion battery uses 60 percent nickel, 20 percent manganese and 20 percent cobalt.
|
|
For nickel, a feasibility study is under way about possible construction of a factory for battery-capable nickel sulphate in South Korea in cooperation with Korea's LS Corp.
|
|
BASF currently produces nickel manganese cobalt oxide (NCM) cathode materials in Elyria, Ohio, and lithium nickel cobalt aluminum oxide (NCA) cathode materials, which are used in Tesla (TSLA.
|
|
"Nickel prices are set by the cost of making nickel pig iron in China and (price) moves like we've seen are probably detaching from that anchor," he said.
|
|
Not only is nickel one of several existing key metallic inputs to EV batteries, but a shift toward high-nickel content in battery chemistry will accelerate usage exponentially.
|
|
The best performer on Friday was nickel, which closed 2.3 percent higher at $9,13 after holders of LME nickel inventories gave shipment notices for 10,722 tonnes, reducing availability.
|
|
"Tsingshan has been buying on the LME, they are short of nickel because stainless steel production didn't fall as people thought it would," one nickel trading source said.
|
|
France will lend up to 200 million euros to New Caledonia nickel producer Societe Le Nickel (SLN), a unit of French company Eramet, Prime Minister Manuel Valls said.
|
|
NICKEL STOCKS: On-warrant nickel stocks in LME-registered warehouses, at 21,2741 tonnes, have plunged from more than 22,2543.50 tonnes in August and are the lowest since 20.3.
|
|
Until then, PACER will keep building a wall between Americans and the public records that they have a right to access, nickel by nickel and dime by dime.
|
|
Since the ShFE listed Russian full-plate nickel as a good-delivery brand against its booming nickel contract in the middle of last year, Russian imports have surged.
|
|
The Indonesian ban and China's response to off-shore parts of its own nickel-stainless supply chain is already starting to have profound consequences on the nickel market.
|
|
NICKEL POSITION: The net speculative long position of LME nickel has declined to 216% of open interest, the lowest since July, according to estimates by broker Marex Spectron.
|
|
FUNDAMENTALS * NICKEL STOCKS: Nickel stocks in LME-approved warehouses have picked up slightly, and inventories in warehouses tracked by ShFE rose 2300% to 21,215 tonnes as of Aug.
|
|
FUNDAMENTALS * NICKEL SPREAD: The premium between LME nickel cash and three month contract rose to a decade-high of $20755 a tonne, indicating tight nearby supplies.
|
|
Global nickel prices jumped 2 percent as the country's second-biggest nickel producer warned that more new stoppages would disrupt shipments to the crucial Chinese market and elsewhere.
|
|
Analysts said PT Vale Indonesia Tbk, which exports only processed nickel from Indonesia, is likely to be one of the worst hit by the drop in nickel prices.
|
|
About New York Nickel by nickel, dollar by dollar, token by token, billions in cash moved through bus fareboxes, subway turnstiles and station booths over the last century.
|
|
A rare nickel from 1913, known as the Eliasberg 1913 Liberty Head Nickel and one of only five ever produced, will be auctioned by Stack's Bowers Galleries in August.
|
|
Weda Bay, a nickel pig iron (NPI) project, is a nine-million-tonne nickel resource which will be run by Eramet and its joint venture partner, Tsingshan Holding Group.
|
|
NICKEL: Cash nickel on the LME flipped to a $2824 premium against the three-month contract early on Friday -- the highest since 219 -- before dropping back to around zero.
|
|
The import duty on melting-grade nickel cathode was doubled from 1 percent to 2 percent, while that on nickel sulfate was cut from 5.5 percent to 22016 percent.
|
|
Indonesian ore is once again flowing to China's nickel pig iron (NPI) producers who feed the country's massive stainless steel sector, still the world's largest collective user of nickel.
|
|
NICKEL: The Indonesian government expects three nickel smelters to become operational in 2019, with total processing capacity of 3.9 million tonnes a year, a senior mining ministry official said.
|
|
The space agency used to rely on older battery types, like nickel-metal hydride or nickel hydrogen — the main type of battery used for storing energy on the ISS.
|
|
"There are signs that this year could finally be the turning point for nickel," Eduard Haegel, president of BHP's Nickel West mining and processing unit told a mining conference.
|
|
In most of the world cobalt is extracted as a by-product of copper and nickel, but it has recently become more valuable than nickel because of its scarcity.
|
|
Fance's Eramet announced a preliminary agreement with Chinese steelmaker Tsingshan Group to revive a nickel mining project in Indonesia that Eramet had frozen during a downturn in nickel markets.
|
|
Indonesia has this year generated its own nickel supply shock by saying it will partly relax its ban on nickel ore exports, albeit with a series of complex caveats.
|
|
FUNDAMENTALS * NICKEL: London nickel jumped as much as 2.7 percent to $13,335 a tonne, its highest since March 21, and stood at $13,315 a tonne as of 0726 GMT.
|
|
Nickel has been boosted by an environmental crackdown on mining in the Philippines, the top nickel ore supplier to China, and by Beijing's pollution-related closures of steel mills.
|
|
Indonesia's large nickel laterite ore reserves - prized for nickel pig iron used in stainless steel production - are also a vital ingredient for lithium-ion batteries used to power EVs.
|
|
This collective sense of coming weakness in China's giant stainless steel sector, the single biggest end-user of nickel, is also why the LME nickel price has been drifting.
|
|
Earlier on Thursday, investment board chief Bahlil Lahadalia said he would hold a meeting with nickel companies on Monday to discuss whether to resume wider shipments of nickel ore.
|
|
At least 20 nickel ore vessels were being held in ports due to the halt in exports, said Meidy Katrin Lengkey, secretary general of Indonesia's nickel miners association (APNI).
|
|
Indeed, "nickel-containing batteries" got their first specific mention in the INSG April forecast for having "a positive effect on nickel usage", a trend that "is expected to continue".
|
|
Precisely the sort of nickel that qualifies for good delivery on the LME and the Shanghai exchanges and precisely the sort of nickel that is now leaving those exchanges.
|
|
Gerard Brimo, president of top Philippine nickel ore producer Nickel Asia Corp, said the industry would like to show Duterte old mines that have been rehabilitated, including open pits.
|
|
The International Nickel Study Group estimates the global refined nickel market is on course to register a second consecutive year of supply deficit after last year's 210,564-tonne shortfall.
|
|
Widespread flooding in Indonesia's nickel hub on the island of Sulawesi has halted some mining operations in Indonesia, an official with the country's Nickel Miners Association said on Friday.
|
|
Nickel prices soared to five-year highs after the Indonesian government brought forward a ban on exports of nickel ore to December, two years earlier than it had proposed.
|
|
MCC's Basamuk Bay plant produces nickel sulphate for the battery industry from ore sent by pipeline from the Kurumkukari nickel and cobalt mine about 135 km (81 miles) away.
|
|
LME nickel, which has risen nearly 50% this year amid worries about supply disruption from top producer Indonesia, advanced 0.6% by 0448 GMT, while Shanghai nickel (ShFE) rose 503%.
|
|
LME nickel, which has jumped nearly 50% this year amid worries about supply disruption from top producer Indonesia, advanced 503% by 0718 GMT, while Shanghai nickel (ShFE) rose 1.8%.
|
|
Those companies account for about half of the nickel production in the Philippines and have been accused of leaving rivers, rice fields and watersheds stained red with nickel laterite.
|
|
NICKEL SUPPLY: Expectations of a supply avalanche hitting the nickel market next year due to new capacity in Indonesia have sent prices down more than 15 percent since September.
|
|
Nornickel, which competes with Brazil's Vale SA for the rank of the world's top nickel producer, experienced falls in production of nickel, copper and platinum group metals in 2016.
|
|
"Reports of Indonesia flooding affecting loading of nickel ore at ports as well as production at local NPI (nickel pig iron) mills," broker Marex Spectron said in a note.
|
|
The obvious outcome is for the nickel market to split into two distinct entities, and the LME has already indicated it is considering launching a new contract for nickel sulfate.
|
|
NICKEL: Prices of stainless steel ingredient nickel touched two-week highs at $193,065 a tonne on concern about supply from major producer Indonesia, where flooding has halted some mining operations.
|
|
The move, and the risk of more being shuttered in the world's top nickel ore supplier, has lifted global nickel prices to a one-year high above $11,000 a tonne.
|
|
"Lots of investors have been shooting nickel price since March, as the nickel pig iron production is so high while the stainless steel market is not good," the analyst added.
|
|
SUPPLY: Jinchuan Group, China's top nickel producer, will next year start building a new project in Guangxi that will produce raw materials like nickel and cobalt for electric vehicle batteries.
|
|
The suspension of nickel mines in the Philippines and the risk of more closures lifted global nickel prices to an 11-month high of $10,900 a tonne on July 21.
|
|
Queensland Nickel refinery, one of Australia's biggest such refineries, went into voluntary administration in January as a collapse in nickel prices to 12-year lows pushed it into financial difficulty.
|
|
FUNDAMENTALS * SHFE NICKEL: The most-traded May nickel contract on the Shanghai Futures Exchange rose as much as 1.9 percent to 106,380 yuan ($15,871) a tonne, its highest since Oct.
|
|
The new Philippine government of President Rodrigo Duterte has roiled global nickel markets by suspending 21 nickel mines and threatening the closure of at least 23 more, citing environmental violations.
|
|
BHP initially plans to produce some 100,000 tonnes of nickel sulfate a year, containing the equivalent of around 22,000 tonnes of nickel, and will ramp up production in coming years.
|
|
LUSAKA (Reuters) - British firm Consolidated Nickel Mines (CNM) plans to restart production at Zambia's Munali nickel mine in the first quarter of next year, its local subsidiary said on Saturday.
|
|
The most well-known nickel-cobalt sulfide deposits are those in Canada's Sudbury Basin, currently operated by Glencore and Vale, and those in Russia's Far North operated by Norilsk Nickel.
|
|
There remains an underlying tension between booming production of nickel for usage by stainless steel mills and lagging output of Class 1 nickel that could be used by battery-makers.
|
|
NICKEL: Nickel prices fell for a seventh session to a three-month low after top producer Indonesia allowed nine companies to resume ore exports until the end of the year.
|
|
Indonesia, the world's biggest nickel ore exporter, allowed nine nickel companies to resume ore exports this week, after halting shipments for two weeks to investigate reports of export rule violations.
|
|
The company, while still named Talvivaara, listed in London in 2007 with the aim of becoming Europe's biggest nickel mine by pioneering a process of using bacteria to extract nickel.
|
|
London nickel rose as much as 2.1% to $12,970 a tonne, its highest since April 193, while Shanghai nickel jumped to 103,160 yuan ($14,20830) a tonne, a three-month high.
|
|
NICKEL: Prices of stainless steel ingredient nickel touched two-week highs at $12,193 a tonne on concern about supply from major producer Indonesia, where flooding has halted some mining operations.
|
|
Nickel gained along with copper even as union workers at Colombia's Cerro Matoso nickel mine cancelled plans to strike on Tuesday after reaching a deal on pay increases and benefits.
|
|
Philippine nickel ore production rose 3% in the first half of 2019, but output was capped as half of the country's nickel mines were closed for maintenance or environmental reasons.
|
|
In New Caledonia, a New Jersey-size French territory in the South Pacific that has been a major source of nickel, botanists know of at least 65 nickel-loving plants.
|
|
"The Philippine disruption should have a bigger impact on the overall nickel market considering it is the biggest nickel ore producer in the world," said ANZ commodity strategist Daniel Hynes.
|
|
MAL13-3 * The global nickel market deficit widened to 3,200 tonnes in September from a revised shortfall of 300 tonnes the previous month, the International Nickel Study Group (INSG) said.
|
|
There are zinc slabs for coating steel, copper cathodes for wires and transformers, and grains of nickel matte, a step in making purified nickel used in batteries and other products.
|
|
It's worth noting that the largest single delivery of nickel on to LME warrant, 4,788 tonnes on June 4, came at Dubai, not an obvious location for industrial nickel users.
|
|
"Lots of investors have been shooting (down) nickel price since March, as the nickel pig iron production is so high while the stainless steel market is not good," the analyst added.
|
|
PRICES: The most traded ShFE nickel contract ended 2.1 percent lower at 90,360 yuan a tonne, trading around an 11-month low, while London's three-month nickel contract fell 0.3 percent.
|
|
The plant owned by Metallurgical Corp of China (MCC) produced nickel hydroxide containing 16,429 tonnes of nickel and 1,497 tonnes of cobalt in the first half of 2019, according to MCC.
|
|
Nornickel, which vies with Brazil's Vale SA to be the world's biggest nickel producer, said it expects the nickel deficit on global markets to widen from 15,000 tonnes to 124,000 tonnes.
|
|
The resurgence of the country's nickel mine sector results from last year's relaxation of a previous ban on nickel ore exports and the build-out of domestic integrated stainless steel capacity.
|
|
Volume on the ShFE nickel contract, for example, now regularly exceeds that of the LME nickel contract, even though the Shanghai product has only been trading for just over a year.
|
|
The materials most commonly used for cathodes in EV batteries are a combination of nickel, manganese and cobalt known as NMC, and one of nickel, cobalt and aluminium known as NCA.
|
|
After denying blame for the contamination of the water, Norilsk Nickel, the world's largest nickel producer, said Monday that a dike at its Nadezhda plant overflowed, coloring the river blood red.
|
|
Chinese firm Tsingshan Holding Group has been buying large quantities of nickel nickel on the LME to supplement its own output, two sources familiar with the matter told Reuters last week.
|
|
The world's top nickel ore supplier has halted operations of 10 mines, eight of them nickel, for environmental infractions, and the government has said more suspensions will be announced this week.
|
|
But a steady decline in nickel prices is putting pressure on New Caledonia's three smelters, owned by Glencore, Vale and Eramet subsidiary Societe Le Nickel, cutting export revenue for the government.
|
|
For a little perspective, nickel ball proprietor carsandwater's most popular video is a three minute clip featuring a piece of gardening foam and, you guessed it, a red hot nickel ball.
|
|
"Indonesia should have some impact," Jack Zhou, general manager of Jinchuan Group Nickel Salts Co, told Reuters on the sidelines of the China International Nickel and Cobalt Industry Forum in Yichang.
|
|
Benchmark nickel on the London Metal Exchange has gained 44% since the start of the year, while the most-traded nickel contract on the Shanghai Futures Exchange has climbed about 48%.
|
|
NICKEL: Benchmark London Metal Exchange (LME) nickel closed down 2741 percent in official midday rings at $21.2,22 a tonne, having hit $0.23,20.2, not far off Monday's four-month peak at $220,2850.
|
|
In August, SK Innovation had agreed to purchase 100% of the battery-grade cobalt sulphate and nickel sulphate produced from Australian Mines' flagship Sconi Cobalt-Nickel-Scandium Project in North Queensland.
|
|
Investor favorites such as copper, zinc and nickel, by contrast, all saw activity contract by 22019% in the case of the first two and by 10% in the case of nickel.
|
|
Eight of the 10 suspended so far produced nickel ore, and the closures and the risk of more mines being shuttered lifted nickel prices to a one-year high last month.
|
|
Vale has said it will halt new investment in nickel operations and has been looking for years for an investor for its New Caledonia nickel mine, located on a Pacific Island.
|
|
Investor favourites such as copper, zinc and nickel, by contrast, all saw activity contract by 22019% in the case of the first two and by 10% in the case of nickel.
|
|
MOSCOW, March 27 (Reuters) - Russian nickel and palladium producer Norilsk Nickel said on Friday two senior vice presidents, including Sergey Batekhin, who was in charge of sales, had left the company.
|
|
Such is the company's reputation for innovation and disruption that no-one is dismissing its ability to close the processing loop between nickel ore and nickel sulphate in record-breaking time.
|
|
The latest assessment by the International Nickel Study Group (INSG) is that the country's nickel production fell by 43 percent to 24,29 tonnes in the first five months of this year.
|
|
More recently, LME nickel stocks have been depleted as metal, Russian full-plate specifically, is shipped to the Shanghai Futures Exchange (ShFE) to support trading liquidity on its new nickel contract.
|
|
The global refined nickel market registered a supply deficit of 27,000 tonnes in the first four months of 2019, according to the latest snapshot from the International Nickel Study Group (INSG).
|
|
October 2, 2006 - Georgetown Amish School, Nickel Mines, Pennsylvania.
|
|
MOSCOW (Reuters) - Russia's mining giant Norilsk Nickel (Nornickel) (GMKN.
|
|
Kwikset Convert Smart Lock Conversion Kit in Nickel + Amazon Cloud Cam Kwikset Convert Smart Lock Conversion Kit in Nickel + Amazon Cloud Cam—$155 See Details Yale Assure YRD226 Touchscreen Deadbolt in Oil Rubbed Bronze + Amazon Cloud Cam Yale Assure YRD226 Touchscreen Deadbolt in Oil Rubbed Bronze + Amazon Cloud Cam—$225 See Details Kwikset SmartCode 914 Keypad Smart Lock in Nickel + Amazon Cloud Cam Kwikset SmartCode 914 Keypad Smart Lock in Nickel + Amazon Cloud Cam—$199 See Details
|
|
This is slightly less than the loss of nickel ore exports to China from the Philippines in the first seven months, showing that China isn't importing less nickel, but is changing the form in which it imports the metal, especially when a 71.2 percent increase in refined nickel imports is factored in as well.
|
|
The Southeast Asian nation is China's biggest supplier of nickel ore - used to make stainless steel - and with few alternative suppliers available, the crackdown pushed nickel prices up 13 percent last month.
|
|
Nickel prices rose almost 5% to a 16-month high on Thursday as fears rippled through the market that major supplier Indonesia could bring forward a ban on exports of nickel ore.
|
|
To streamline the process of designing a nickel made of... less nickel, the U.S. Mint worked with a team of researchers at the National Institute of Standards and Technology's Materials Genome Initiative.
|
|
The International Nickel Study Group (INSG) estimates that global first-use nickel usage jumped by 7.8 percent last year and by another 9.7 percent in the first five months of this year.
|
|
Battery-makers, however, need nickel sulphate, a product that, for now at least, can only economically be made from Class I material, defined as having a nickel content greater than 99.9 percent.
|
|
October imports are set to be higher still, said a major purchaser in eastern China's Shandong province, who uses nickel ore to produce nickel pig iron, a raw material for stainless steel.
|
|
INDONESIA NICKEL: The first battery-grade nickel and cobalt project in Indonesia using high-pressure acid leaching technology could start commissioning in the second half of 2020, consultancy firm CRU Group said.
|
|
The Ipilan nickel project in southwestern Palawan province has resources of over 50 million wet metric tonnes at 1.23 percent nickel content, which Global Ferronickel intends to export to China and Australia.
|
|
Royal Nickel Corp shares jumped nearly 19 percent to C$0.19 after announcing two cash and stock acquisitions that transform the mine developer into a cash-generating nickel, copper and gold producer.
|
|
Analysts say nickel prices need to be higher to incentivise new projects around the world to meet growing demand from the fast-growing electric vehicle sector, which uses rechargeable batteries containing nickel.
|
|
The world's top nickel ore supplier has so far suspended operations of 10 mines, eight of them nickel, for violating environmental rules, and the government has said more mines will be halted.
|
|
NICKEL: Nickel finished 1% higher at $15,710 a tonne, after hitting a 16-month high of $163,690 last week on the possibility of Indonesia bringing forward a ban on mineral ore exports.
|
|
FUNDAMENTALS * LME NICKEL: Three-month nickel on the London Metal Exchange was down 3.1% at $15,065 a tonne as of 0351 GMT, below the 16-month high of $16,690 struck last Thursday.
|
|
Four nickel mines in the Philippines, a key nickel exporter, remain shut on environmental grounds, an official said, while Japan's Sumitomo Corp suspended output at a mine in Madagascar following a cyclone.
|
|
Vale, also the world's top nickel producer, cut its nickel production forecast to 250,000 tonnes this year, versus 263,000 previously, citing its strategy "of pursing value over volume" and current market conditions.
|
|
Miners jumped 2.5 percent to a 10-month high as base metals prices rose, including nickel after data suggested stimulus measures in China, the world's biggest nickel consumer, were boosting the economy.
|
|
Analysts say nickel prices need to be higher to incentivize new projects around the world to meet growing demand from the fast-growing electric vehicle sector, which uses rechargeable batteries containing nickel.
|
|
Miners jumped 2 percent to a 10-month high as base metals prices rose, including nickel after data suggested stimulus measures in China, the world's biggest nickel consumer, were boosting the economy.
|
|
In theory, this could have a major impact on the global nickel supply landscape since the Philippines last year produced 465,000 tonnes of nickel, representing over 20 percent of world mined output.
|
|
Nickel prices have rebounded from a 13-year low of $7,550 a ton in February, with London Metal Exchange nickel trading at $8,651 on Monday, possibly due to output cuts, analysts say.
|
|
BMO Capital Markets expects mine output from Indonesia, the world's largest nickel producer, to rise 34 percent this year to around 245,2202 tonnes of contained nickel, rising to 2032,211 tonnes in 2357.
|
|
Sumitomo Metal Mining Co Ltd (SMM) said on Thursday that it and nickel miner PT Vale Indonesia are conducting a feasibility study to build a nickel processing project in Pomalaa, Southeast Sulawesi.
|
|
Nickel-cobalt laterite deposits, by contrast, are typically located in "humid tropical climates", according to the USGS, and classic examples are Western Australian nickel mines and the Goro mine in New Caledonia.
|
|
Nickel Asia in 21 benefited from an average LME nickel price of $252.70 per pound on sales to the two domestic processing plants, compared with an average price of $4.67 in 2017.
|
|
The miners on Monday agreed to stop nickel ore exports immediately, two months earlier than a nation-wide nickel ore exports ban set to be imposed by the government from next year.
|
|
BMO Capital Markets expects mine output from Indonesia, the world's largest nickel producer, to rise 2032 percent this year to around 3573,2357 tonnes of contained nickel, rising to 210,22018 tonnes in 2020.
|
|
MNISTX-TOTAL SNI-TOTAL-D FUNDAMENTALS: There was a global deficit of 27,200 tonnes over January-April in the 2.4 million tonne a year nickel market, the International Nickel Study Group said.
|
|
FUNDAMENTALS * NICKEL: The most-traded November nickel contract on the Shanghai Futures Exchange rose as much as 3.4% overnight and ended Tuesday's daytime session up 2.7% at 144,090 yuan ($20,264.40) a tonne.
|
|
Prices of Nickel surged this week after Indonesia, the world's biggest nickel ore producer, said it would stop exports from the start of next year, two years earlier than it initially indicated.
|
|
Vale on Tuesday lowered 2019 output forecasts for nickel, also used to make stainless steel, to 244,000 tonnes of nickel next year, below the 263,000 tonnes it had forecast a year ago.
|
|
NICKEL SUPPLY: Brazil's Vale SA plans to exit its troubled New Caledonia assets but still aims to ramp up nickel output ahead of rising demand for electric batteries, executives said on Wednesday.
|
|
Under the deal, BHP's Nickel West division will process up to 600,000 tonnes per annum of nickel sulfide at its Kalgoorlie smelter out to 2025 once Mincor has restarted its operations in December.
|
|
BHP Group plans to start production of nickel sulphate in the second quarter of next year, as it ramps up sales of its nickel products to the battery industry, Haegel said on Friday.
|
|
He alleges FTI Consulting's John Park and those who worked with him on the Queensland Nickel administration diverted Queensland Nickel Joint Venture funds and assets, including port leases and cash in bank accounts.
|
|
It will also have to gamble that Chinese players led by the Tsingshan steel group don't make the technological breakthrough that would allow them to convert nickel ore straight into battery-grade nickel.
|
|
Nickel stocks in LME-approved warehouses fell to 87,20.4 tonnes, hovering around their lowest since November 20.7, latest data showed, while ShFE nickel inventories have picked up recently .
|
|
NICKEL: LME nickel ended unchanged at $15,660 a tonne but was down about 21.9% this week, eating into a rally that had pushed up prices of the stainless steel ingredient by around $215,2900.
|
|
TORONTO, March 303 (Reuters) - Canadian miner Royal Nickel Corp is teaming up with private equity firm Waterton Global Resource Management to buy, develop and operate undervalued nickel assets, the companies said on Wednesday.
|
|
STAINLESS REALITY The global refined nickel market registered a supply deficit of 27,000 tonnes in the first four months of 2019, according to the latest snapshot from the International Nickel Study Group (INSG).
|
|
In December, Vale dialed back its nickel output forecasts for the next five years and said it continued to seek an investor for its New Caledonia nickel mine, located on a Pacific island.
|
|
So far, for BHP, the one real change linked purely to electric vehicles is BHP's decision to invest in its Nickel West operations in Australia to produce nickel sulphates required by battery-makers.
|
|
"Nickel smelters worldwide want to supply battery materials but they don't know what quality of nickel products they should offer, but we clearly understand those needs thanks to our supply chain," he said.
|
|
The Philippines, which has 30 nickel mines, is now the world's No. 2 nickel ore supplier, behind Indonesia which has been ramping up shipments after lifting a ban on metal exports in 2017.
|
|
The nickel miner, Emir Mineral Resources in the central Samar province, produced 150,000 tonnes of nickel ore last year and exported it to China, Environment and Natural Resources Secretary Leo Jasareno told reporters.
|
|
Liu declined to name the companies involved because of non-disclosure agreements, but said the process could use nickel ores high in cobalt that is often discarded by Indonesia's nickel pig iron industry.
|
|
The nickel supply chain is morphing into two distinct components, one based on nickel ore feeding the stainless steel sector, and one comprising higher purity metal for use in superalloys and lithium batteries.
|
|
"[Weisselberg] knew where every nickel went to, he knew where every nickel came from," said Travis Snell, a former assistant attorney general for New York state who worked on the Trump University case.
|
|
NICKEL SPREAD: Cash nickel on the LME flipped back to a premium against the three-month contract, suggesting tightening nearby supply, but at $216 it remains far short of recent highs above $2745.
|
|
Based on International Nickel Study Group figures, it accounted for just over six percent of global refined nickel production in 2014, the last year of full operations before the winding-down process started.
|
|
In part this has been down to the oversupplied nature of the nickel market with other producers of different forms of nickel such as briquettes shipping metal to the "market of last resort".
|
|
It's worth noting that Indonesian ferronickel isn't of the same quality as that supplied by other countries, with a lower percentage nickel content, making it cheaper and more appealing to Chinese nickel processors.
|
|
FUNDAMENTALS * NICKEL: The most-traded November nickel contract on the Shanghai Futures Exchange rose as much as 3.4% overnight and was up 2.6% at 143,940 yuan ($20,221.97) a tonne as of 0225 GMT.
|
|
NICKEL: LME nickel finished up 1.5 percent at $10,580 a tonne after falling more than 8 percent over Thursday and Friday, when the Shanghai Futures Exchange raised trading fees to curb speculative investment.
|
|
The apparent breakdown in trade negotiations sent copper and nickel prices lower, denting base metal miners including Nickel Mines Ltd and Evolution Mining, which were among top losers in the mining sub-index.
|
|
Reporting by Rod Nickel in Toronto; Editing by Alan Crosby
|
|
It may seem premature for nickel to switch pricing partner.
|
|
And that could still mean trouble for the nickel market.
|
|
LME nickel had climbed by 1 percent by 0713 GMT.
|
|
And in 2014, she was diagnosed with a nickel allergy.
|
|
In Shanghai, nickel edged up 0.1%, while tin fell 2.2%.
|
|
Mind games ("yourself another self") and heavy metal ("squeeze nickel").
|
|
Nickel can be used to help churn out stainless steel.
|
|
Global Ferronickel is the Philippines' No. 2 nickel ore producer.
|
|
In Shanghai, zinc ended down 1.4% and nickel lost 23%.
|
|
" Bet you a buffalo head nickel she says, "Hell yes.
|
|
Aluminium, nickel and palladium prices have soared and then plummeted.
|
|
Packham in SYDNEY and Rod Nickel in WINNIPEG; Editing by
|
|
"He'd sell an abalone dinner for a nickel," says Seavey.
|
|
Now it's the turn of the penny and the nickel.
|
|
Shanghai nickel was down 0.9% at 96,760 yuan a tonne.
|
|
Reporting by Ahmed Farhatha in Bengaluru and Rod Nickel in
|
|
Strangely, nickel has not had anything like cobalt's price rise.
|
|
Reporting by Rod Nickel in Winnipeg and Sruthi Shankar in
|
|
Reporting by Rod Nickel in Kabul; Editing by Alexandra Hudson
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba and Arathy S
|
|
Reporting by Rod Nickel in Kabul; Editing by Mark Heinrich
|
|
Reporting by Rod Nickel in Toronto; Editing by Chris Reese
|
|
Nickel prices are up about 40% so far this year.
|
|
The Philippines is the top nickel ore supplier to China.
|
|
Graphic on the seasonality of Philippines nickel ore imports: tmsnrt.
|
|
"And one nickel is a lot," Colbert said, impersonating Sanders.
|
|
Reporting by John Benny in Bengaluru, Rod Nickel in Calgary,
|
|
Nickel is a key ingredient used to make battery cathodes.
|
|
Earlier on Tuesday, Nickel hit its lowest since Nov. 3.
|
|
Nickel production is likely to be expanded considerably this year.
|
|
International nickel prices stood around $9,225 per tonne on Wednesday.
|
|
Graphic on ShFE nickel price, volumes and open interest: tmsnrt.
|
|
Writing by Rod Nickel in Kabul; Editing by Nick Macfie
|
|
Goldman Sachs raised its forecast for nickel, according to Reuters.
|
|
Reporting by Rod Nickel in Toronto; Editing by David Gregorio
|
|
Shanghai nickel slid almost 2%, while LMEnickel was down 0.6%.
|
|
Shanghai nickel slid almost 1.5%, while LMEnickel was down 0.6%.
|
|
At Nickel, Turner was transported back to that street corner.
|
|
This roller is made with Xiyuan jade and silver nickel.
|
|
Parents can avoid being wrangled for every nickel and dime.
|
|
Benchmark LME nickel ended 3.3 percent lower at $13,350 ounces.
|
|
ShFE Nickel fell 0.7 percent, while lead lost 1.7 percent.
|
|
Reporting by Rod Nickel in Ottawa; Editing by David Gregorio
|
|
"It used to be a nickel," she says and smiles.
|
|
First there were little paper tickets that cost a nickel.
|
|
Indonesia plans to ban nickel ore exports from January 2020.
|
|
Reporting by Nia Williams in Calgary, Alberta and Rod Nickel
|
|
SA for the rank of the world's top nickel producer.
|
|
In Desmond King, the Chargers have a superb nickel corner.
|
|
The Dolphins use Fitzpatrick at cornerback, nickel cornerback and safety.
|
|
Reporting by Rod Nickel in Kabul; Editing by Robin Pomeroy
|
|
The company currently produces 150,000 tonnes per year of nickel.
|
|
The nickel action is far from finished in London, however.
|
|
Graphic on nickel production in Indonesia and the Philippines: tmsnrt.
|
|
Reporting by Shradha Singh in Bengaluru and Rod Nickel in
|
|
Reporting by Rod Nickel in Edmonton, Alberta; Editing by Will
|
|
Nickel bucked the trend, falling 1% to $14,455 a tonne.
|
|
And it will be available in gold and chunky nickel.
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba and Julie Gordon
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Lisa
|
|
Nickel output from its own Russian feed was 196,664 tonnes.
|
|
The New York City subway used to cost a nickel.
|
|
The Dolphins used Fitzpatrick at cornerback, nickel cornerback and safety.
|
|
Reporting by Rod Nickel in Kabul; Editing by Robert Birsel
|
|
Graphic on imports of nickel ore from the Philippines: tmsnrt.
|
|
Indonesia is also exporting significant amounts of nickel pig iron.
|
|
In Shanghai, nickel and lead fell more than 2 percent.
|
|
In six weeks the euro has gone up a nickel.
|
|
SHANGHAI FUTURES EXCHANGE MOST ACTIVELY TRADED NICKEL CONTRACT FALLS 3%
|
|
LME nickel prices averaged above $20185,2225 a tonne in 2018.
|
|
You haven't returned a single nickel of your personal earnings.
|
|
For higher Australian nickel volumes, BHP has been investing in exploration in new areas and around existing mines, as well as in debottlenecking for its Mt Keith concentrator, Kalgoorlie Nickel Smelter, and Kwinana refinery.
|
|
The Natixis legal action revolves around a series of complex trades in nickel warehouse receipts in late 2016 and early 2017 in which the bank granted what amounted to loans using nickel as collateral.
|
|
The report, presented to the French Prime Minister last month, said such a fund help offset the impact of weaker nickel prices and depletion of nickel reserves while supporting other areas of the economy.
|
|
"Over the next few years the battery sector will not be affected by the availability of nickel supply," said Anton Berlin, head of strategic marketing at Nornickel, one of the world's largest nickel producers.
|
|
SINGAPORE, April 20.5 (Reuters) - Nickel prices fell on Tuesday, with new data showing a global nickel deficit had narrowed at the end of February, while investors worried that China may ease its stimulus measures.
|
|
The October import figure is set to be higher still, said a major purchaser in eastern China's Shandong province, who uses nickel ore to produce nickel pig iron, a raw material for stainless steel.
|
|
SMM-CUYP-CN NICKEL: Cash nickel on the LME flipped to a $21 premium against the three-month contract early on Friday, the highest since 1.27, before dropping back to a discount of $20.6.
|
|
The Philippines, the world's top supplier of nickel ore, on Tuesday ordered the suspension of another 20 mines, sending nickel to a seven-week high of $10,900 a tonne on the London Metal Exchange.
|
|
Separately, the Indonesian government said on Monday it had set new tax rates for mineral exports, including a flat 10 percent tax for nickel ore with a nickel content of less than 1.7 percent.
|
|
The global nickel market swung to a wider deficit of 6,700 tonnes in August from the month before, as nickel production at Brazil's Vale fell 4.3 percent year-on-year in the last quarter .
|
|
RIO DE JANEIRO (Reuters) - Vale, the world's top nickel producer, plans to invest $500 million from 2019 to 2022 in its New Caledonia nickel mine "on our own," its chief executive said on Tuesday.
|
|
The problem with the penny and nickel is not that the price of copper and nickel are rising, but that the purchasing power of the dollar is declining due to the Fed's currency debasement.
|
|
MELBOURNE (Reuters) - Australia's Queensland Nickel refinery (QNI) said it will cut more than 200 workers and restructure its operations after nickel prices plunged to decade lows and the company failed to secure government support.
|
|
ABIDJAN, Nov 3 (Reuters) - Ivory Coast nickel company Nickel de l'Ouest Côte d'Ivoire (NOCI) will invest up to 220 billion CFA francs ($365 million) in concessions in the country's west, a government spokesman said.
|
|
SMM, together with nickel miner PT Vale Indonesia, are conducting a feasibility study on a nickel smelting project in Pomalaa, Southeast Sulawesi, using high pressure acid leaching (HPAL) technology in which SMM has expertise.
|
|
BMO forecasts a 36,000-tonne nickel deficit in 2018 and sees demand for nickel used in electric car batteries to grow by 215,000 tonnes by 2025, about 10 percent of the current market size.
|
|
Three-month nickel on the London Metal Exchange (LME) fell 20.8% to $20.3,20.4 a tonne, while the most-traded nickel contract on the Shanghai Futures Exchange dropped 21.1% to 1.41983,21.4198 yuan ($21,26.8780) a tonne.
|
|
Nickel was supported by worries about mine closures in the Philippines as the country's new mining minister announced plans to review all mines in the country, the biggest supplier of nickel ore to China.
|
|
Sumitomo said in May that it expected around 48,000 tonnes of nickel output at the Ambatovy nickel-cobalt project this financial year based on the assumption of an average operation rate of 80 percent.
|
|
The Philippines took Indonesia's crown as the world's top nickel ore exporter, accounting for around one-quarter of the world's mined nickel supply, although its government has since restricted output due to environmental concerns.
|
|
Indonesia, the largest nickel ore producing country, has left its biggest customers in China - mostly manufacturers of primary nickel - fearing a raw material shortage after bringing forward a ban on ore exports to Jan.
|
|
LONDON (Reuters) - Norilsk Nickel, or Nornik as it has just rebranded itself, has just completed the decommissioning of the nickel refining plant in its far-flung Polar operations in the Arctic north of Siberia.
|
|
Either the world has to find a lot more stand-alone cobalt deposits or it's going to need a much higher nickel price to kick-start the investment cycle in new nickel-cobalt mines.
|
|
"The export of this low-cost stainless to China has weighed on price and driven cuts, particularly of high-nickel 300 series," according to analysts at Morgan Stanley ("Nickel - back to normal", Sept. 10).
|
|
MCC's Basamuk Bay plant produces a mixed nickel and cobalt hydroxide product for the battery industry from ore sent by pipeline from the Kurumkukari nickel and cobalt mine about 135 km (81 miles) away.
|
|
Indonesian nickel mine production jumped by 28 percent last year to 215,000 tonnes and increased by another 65 percent in the first seven months of this year, according to the International Nickel Study Group.
|
|
This wall of supply hasn't fazed nickel bulls because the consensus was that none of it would find its way near a battery because of the high costs of converting it to nickel sulphate.
|
|
INCREASED LONG-TERM UNCERTAINTY Whether Tsingshan can deliver its HPAL plant on time and on budget remains to be seen, but its desire to crack the nickel ore-nickel sulphate processing challenge is clear.
|
|
Indonesia only allows exports of ore with less than 1.7% nickel content and only issues export quotas to companies that are building smelters onshore as it aims to develop the country's downstream nickel industries.
|
|
FUNDAMENTALS * NICKEL: Nickel prices rose 0.1% and were set for their first weekly gain in three, as headline inventories in LME-approved warehouses dropped to 140,904 tonnes, their lowest since December 2012.
|
|
Russian nickel and palladium producer Norilsk Nickel said it was discussing the option of rouble payments with foreign customers which have rouble revenue, although it said it had not secured deals under those terms.
|
|
Separately, following the takeover bid by Australian nickel miner Independence Group for its smaller peer Panoramic Resources Ltd, Independence Group said it would conduct due diligence on Panoramic and its flagship Savannah nickel project.
|
|
"We expect nickel prices to remain high over the next couple of months on a supportive macroeconomic backdrop and market tightening driven by Chinese nickel pig iron (NPI) cuts," it said in a report.
|
|
Indonesia was the world's top nickel ore exporter before it imposed a ban on unprocessed nickel ore exports in 2014 in a bid to encourage miners and customers to invest in a domestic processing industry.
|
|
This is more than double the amount of nickel ore exported to China from the Philippines, providing proof that China isn't importing less nickel, but is changing the form in which it imports the metal.
|
|
"BHP Nickel briquette or powder is not a first purchase option for the nickel sulphate producer in Northeast Asia... It takes more time to solvent (which leads to) less productivity and higher cost," he said.
|
|
The company said boiler and other system troubles at its Taganito nickel ore processing plant in the Philippines earlier this year reduced its refined nickel output to 28,200 tonnes from 30,967 tonnes a year earlier.
|
|
Nickel prices have fallen back since that time, but the current small surplus of nickel will likely turn to a deficit by the end of the decade causing yet more headaches for Musk and Tesla.
|
|
The world's second-largest nickel producer and top palladium producer gave a neutral outlook on nickel, copper and platinum markets and said it remained positive on the palladium market due to a widening market deficit.
|
|
But Saad Rahim, chief economist of Trafigura, a rival, says battery producers will use more nickel and less cobalt in nickel-manganese-cobalt cathodes to avoid dealing with the DRC, which has a tainted reputation.
|
|
MANILA (Reuters) - The Philippines has canceled the environmental permits for four more mining projects, including one planned nickel venture, as the world's top nickel ore supplier deepens a months-long crackdown on the resources sector.
|
|
Shipments of nickel ore, used to make stainless steel, could fall to 93-35 million tonnes from 36 million tonnes in 2017, Dante Bravo, president of the Philippine Nickel Industry Association, told a media forum.
|
|
To that point, another explanation put forward by Dong's team is that the decay of unusually large stockpiles of nickel into the isotope nickel-56 (Ni-56) is driving the insane radiance of ASASSN-15lh.
|
|
Germain voiced concerns that ore prices could quickly fall without a floor price, and warned against allowing sales of low grade nickel pig iron, fearing it could hurt more than help the country's nickel sector.
|
|
Investors locked in near-20 percent gains in the nickel market over the past month, with selling sparked by data showing that higher prices have enticed more nickel ore exports from Indonesia, ANZ Bank said.
|
|
It represents much of the nickel market's global inventory as well as acting as the stocks bedrock of the London Metal Exchange's (LME) nickel contract and, more recently, of the Shanghai Future Exchange's (ShFE) contract.
|
|
The International Nickel Study Group is forecasting that demand will outstrip supply this year, but that may be changed if both the Philippines and Indonesia ramp up exports of cheap nickel ore to Chinese smelters.
|
|
Nickel Asia is the only Philippine nickel miner with ownership in processing plants, making it "unique" compared with other local miners, who sell all their unprocessed ore output to Chinese stainless steel producers, Samson said.
|
|
Duterte's seven-week old government has so far suspended 10 mines, eight of them nickel, for environmental infractions, sowing fear among large-scale miners in the world's top nickel producer that more shutdowns may follow.
|
|
The nickel mine, in Mpumalanga province, was hit by soaring costs and lower metals prices in the last few years, the firm said during its annual results presentation, although nickel prices have rebounded this year.
|
|
A nickel plant of Metallurgical Corp of China's Ramu Nickel Cobalt project in Papua New Guinea is facing compensation claims and possibly closure after it spilled waste into a local bay, a country official said.
|
|
MNISTX-TOTAL SNI-TOTAL-W * MCC NICKEL: A battery nickel processing plant owned by Metallurgical Corp of China (MCC) that spilled mine waste into Papua New Guinea's Basamuk Bay faces compensation claims and possible closure.
|
|
Tsingshan is already a major miner and processor of nickel ore, converting it to nickel pig iron (NPI) to feed its new stainless steel mill in the Morowali industrial park on the island of Sulawesi.
|
|
Panasonic uses a chemical composition based on nickel, cobalt and aluminium in its lithium batteries which are used in Tesla vehicles, while LG Chem's batteries are based on a lithium nickel cobalt manganese oxide chemistry.
|
|
The government's decision on Thursday sent nickel prices tumbling more than five percent at one point, as the resumption of nickel ore exports from Indonesia is projected to flood global markets and increase total supply.
|
|
"Nickel export is officially opened, we don't know the exact amount of nickel ore that Antam can export, but it is a definite positive to Antam," broker Trimegah Securities said in a report on Friday.
|
|
Shanghai aluminum declined 13%, nickel fell 1.2% and zinc slipped 2.1%.
|
|
"AKK is catering heavily to the traditionalist right now," said Nickel.
|
|
MOSCOW/LONDON (Reuters) - A power struggle over Norilsk Nickel (Nornickel) (GMKN.
|
|
Graphic on LME nickel price, stocks and "tom-next" spread: tmsnrt.
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba, editing by G Crosse
|
|
The nickel layer is eventually separated to form a negative disc.
|
|
Reporting by Rod Nickel in Toronto; Editing by Lisa Von Ahn
|
|
Royal Nickel expects to announce more such modest deals, Selby said.
|
|
You need one nickel-sized amount applied to the full face.
|
|
BHP tried unsuccessfully to sell its Australian nickel business in 2014.
|
|
Other LME metals, zinc and nickel fell more than 1 percent.
|
|
Stainless steel mills can take nickel in all its multiple forms.
|
|
And precisely the sort of nickel that is in short supply.
|
|
Batteries only account for around 5 percent of total nickel demand.
|
|
OTHER METALS: Nickel ended down 0.6 percent at $8,810 a tonne.
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by James Dalgleish
|
|
ShFE aluminium dipped 0.6%, zinc decreased 13% and nickel fell 0.5%.
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Sandra Maler
|
|
ShFE aluminium dipped 13%, zinc increased 0.2% and nickel rose 0.6%.
|
|
Cobalt, for instance, is a by-product of copper and nickel.
|
|
Additional reporting by Rod Nickel in Winnipeg; Editing by Marguerita Choy
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; editing by Diane Craft
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Chizu Nomiyama
|
|
Graphic on China's imports of nickel ore from the Philippines: tmsnrt.
|
|
Nickel edged down 0.1%, lead fell 0.1% and tin eased 0.2%.
|
|
"The CSU will continue to criticize Merkel over migration," Nickel said.
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editng by Alan Crosby
|
|
Reporting by Rod Nickel in Calgary, Alberta; editing by Bill Berkrot
|
|
What's more, this island is also rich in coffee and nickel.
|
|
Rod Nickel in Winnipeg and David Ljunggren in Ottawa; Editing by
|
|
Shanghai aluminum dipped 0.2%, nickel advanced 0.7% and zinc tumbled 1.3%.
|
|
Shanghai aluminium dipped 0.3%, nickel advanced 0.8% and zinc tumbled 1%.
|
|
L, to switch gears and invest heavily in its nickel business.
|
|
FUNDAMENTALS * PRICES: LME nickel edged up 0.1%, while lead fell 0.7%.
|
|
LME nickel also pared gains, but held a 0.7 percent advance.
|
|
Nickel West has since been designated "non-core" by BHP's board.
|
|
They&aposre going to try to nickel and dime the president.
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Phil Berlowitz
|
|
Reporting by Rod Nickel in Houston; Editing by Lisa Von Ahn
|
|
Shanghai copper was flat, aluminium advanced 0.8% and nickel increased 0.7%.
|
|
That polymer's filled with spike-shaped nickel particles that conduct electricity.
|
|
There may yet be another nickel chapter to Vale's dam tragedy.
|
|
LONDON (Reuters) - Another day, another landmark low for the nickel price.
|
|
Nickel is now trading at levels last seen in April 2400.
|
|
Some dismantled upgrades cough up valuable stuff, like Gold or Nickel.
|
|
Shanghai aluminium advanced 0.3%, nickel fell 0.8% while tin rose 0.8%.
|
|
ShFE aluminium fell 0.2%, nickel lost 1.4% and zinc eased 0.2%.
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Dan Grebler
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Brian Thevenot
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Meredith Mazzilli
|
|
Reporting by Rod Nickel in New York; Editing by Chris Reese
|
|
Four producers, Nickel Asia, Global Ferronickel, SR Metals and CTP Corp.
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Steve Orlofsky
|
|
Reporting by Rod Nickel in New York; Editing by Andrea Ricci
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Frances Kerry
|
|
Both nickel and cobalt are key ingredients in electric vehicle batteries.
|
|
Reporting by Rod Nickel and P.J. Huffstutter; Editing by Brian Thevenot
|
|
Shanghai copper eased 0.1%, aluminium dipped 0.1%, while nickel jumped 2.1%.
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Richard Chang
|
|
No such doubts as to either the nickel or aluminium markets.
|
|
Shanghai aluminium fell 0.3%, nickel advanced 1% and zinc tumbled 1%.
|
|
ShFE aluminium increased 0.4%, nickel dropped 2% and lead declined 0.4%.
|
|
ShFE nickel dropped 0.8%, zinc fell 0.6% and tin eased 0.1%.
|
|
Shanghai aluminium rose 0.3%, nickel jumped 2.5% and lead rose 0.7%.
|
|
No such doubts as to either the nickel or aluminum markets.
|
|
HK), wants to stop Abramovich from selling Norilsk Nickel (Nornickel) (GMKN.
|
|
Nickel Asia's nine-month sales fell 1.7% to 15.29 million wmt.
|
|
Shanghai copper decreased 0.3%, nickel increased 0.9% and zinc rose 1.3%.
|
|
Shanghai aluminium dipped 0.1%, nickel rose 0.6%, while zinc increased 13%.
|
|
ShFE aluminium increased 0.4%, nickel dropped 2.1% and lead declined 0.3%.
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Toni Reinhold
|
|
On-warrant nickel stocks fell by 224,21.2 tonnes to 22,2432 tonnes.
|
|
The Southeast Asian nation is the world's top nickel ore supplier.
|
|
Reporting by Rod Nickel in Calgary, Alberta; Editing by Bernadette Baum
|
|
Jessica Nickel is the executive director of The Addiction Policy Forum.
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Alan Crosby
|
|
Nickel fell 1% to $14,995 on Friday and 7.4% this week.
|
|
Selling a nickel for 10 cents is an interesting business model.
|
|
The championship was the boys' sole acquaintance with justice at Nickel.
|
|
Reporting by Rod Nickel; Editing by Chizu Nomiyama and Paul Simao
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Jonathan Oatis
|
|
LME nickel also pared gains, but held a 1.2 percent advance.
|
|
Because of the battery story, which is linked to LME nickel.
|
|
Supply concerns pushed nickel prices to 16-month highs last week.
|
|
Shanghai copper rose 0.1%, aluminium advanced 13% and nickel increased 0.7%.
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Andrew Hay
|
|
Those nickel and dime fees quickly added up in airline profits.
|
|
Compte Nickel was one of the leading fintech startups in France.
|
|
Nickel edged down 0.1%, lead fell 0.1% and tin eased 13%.
|
|
Nickel bulls might want to enjoy the ride while it lasts.
|
|
Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Susan Thomas
|
|