While prices remain stagnant and demand uncertain, the company is churning out more stones than at any other time in the past decade.
Nickel Mining News
Previ intends to reduce its stake in the miner over the medium-term.
The move is part of BASF plans to invest up to 400 million euros ($462 million) as a first step in building production plants for cathode materials in Europe.
Objective is to expand upon the Father's Day Vein high grade gold discovery at the A Zone area of the Beta Hunt mine, near Kambalda, Western Australia.
He is said to have already begun training three to four people to succeed him in the job.
Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.
NMC cathodes currently account for nearly 28% of global EV sales, forecast to grow to 63% by 2027.
465,000 tonnes of nickel play 'hide and seek'
Total volume reached 252 million yuan ($36.3 million).
Another executive pulls out of conference due to widespread concern about the fate of journalist Jamal Khashoggi.
BHP Billiton Ltd. is boosting sales of the top-quality nickel that’s needed for electric vehicle batteries, another sign that the world’s biggest miner is targeting more opportunities in the booming sector.
CEO Fabio Schvartsman said the company would only invest further in nickel if global prices for the metal rise from $13,000 per tonne currently to around $20,000 per tonne.
The goal is to reduce reliance on batteries from Asia, particularly China and South Korea.
The company believes the stones are among the biggest of their kind ever unearthed in the country.
The decision to restart output at the mine comes despite plans by the government to hike mining taxes to bring down mounting public debt.
Mining at the project in the Pacific nation will start in December, with ore shipments expected to begin in the first quarter of next year.
The East African nation seeks to reassure potential investors that it isn’t involved in “conflict minerals.”
No gas or balloons needed.
Several global metals producers have also set their sights on Indonesia's nickel reserves, looking to tap an expected surge in demand for the battery metal.
Agreements give a majority stake in the giant Grasberg copper and gold mine to a local state-owned firm, becoming the country’s biggest divestment by a foreign resources company.
Two major shareholders of Brazilian mining company Vale SA are likely to reach an agreement on Wednesday to pay 2.82 billion reais ($692 million) to Eletron to settle a dispute over Vale shares.
Down 18% in H1.
BHP Billiton said on Monday its Kalgoorlie nickel smelter has been closed after a fire that broke out over the weekend and the plant will remain shut while it assesses the damage.
Deal will see China’s No.1 producer of lithium supplying 20 percent of its production to the electric cars maker.