The company is looking in Canada, the world's No. 3 cobalt producer.
Nickel Mining News
Wellgreen Platinum changes name to Nickel Creek Platinum
"We are thrilled to complete our [] rebranding to Nickel Creek Platinum, a name which reflects our company's significant endowment of nickel and PGMs..."
CHARTS: Big mining's surge in value shames tech giants
The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.
Nickel prices will continue to fall: BMI
Increased supply from Indonesia and subdued demand from China are the main drivers behind the downward trend.
Blue skies, green cars and a year of revolution for industrial metals: Andy Home
Arrival of new Silicon Valley players like Tesla and Apple to old world of metals serves to reinforce focus on environmentally clean, ethical supply chains.
Copper rallies to three-year high as China plant halts output
Ninth gain puts red metal on longest winning streak since 2004.
Brazilian miner Vale says entering new era of big dividends
"Now is the era of the Vale dividends. Vale will become a big payer of dividends if everything goes well," CEO Fabio Schvartsman said on Friday.
Value of top 50 mining companies surge $140 billion in 2017
More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.
Filipino miners to adopt Canadian sustainability standard
The country will tailor the protocols to reflect the unique aspects of its domestic mining sector.
Russia's Nornickel opens $2.5 bln credit line for refinancing
The proceeds will be used for refinancing existing debt, financing capital expenditure and general corporate purposes.
CHART: High flying metals to fall back to earth in 2018
Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018.
Natixis bank broadens metals fraud lawsuit, targets Glencore unit
French bank Natixis has broadened its $32 million lawsuit over fraudulent receipts for nickel stored at warehouses in Asia by adding a unit of commodities giant Glencore as a defendant, a court filing showed.
Australia cobalt rush accelerates on electric vehicle demand, DRC troubles
Australia, home to world's second-biggest cobalt reserves, is seeing rush of interest in projects from makers of the batteries used in electric vehicles.
This is how much copper, nickel, cobalt an electric vehicle world needs
Glencore's all in to supply surging demand for copper, nickel and cobalt from electric vehicle boom but CEO Ivan Glasenberg has "zero interest" in lithium.
Glencore is the tempting devil sat on mining's shoulder: Gadfly
Uniquely among its peers, Glencore derives a substantial slice of its earnings from trading commodities, rather than producing them.
Want to make money in industrial metals next year? Ask China how
Base metals were hot this year with zinc, copper and aluminum among leaders, climbing between 15% and 23%. What about 2018? Analysts say China will know.
Vale's reality check for nickel's electric vehicle dreams: Andy Home
While "everyone knows there are great opportunities" for nickel in the EV sector, "prices are not there", according to Vale Chief Exec Fabio Schvartsman,
Cobalt 27 spree sends cobalt price to fresh 9-year high
CEO Anthony Milewski: Cobalt 27’s stockpile of cobalt “is a way for investors to speculate on the price of cobalt, plain and simple.”
Small Canadian miners in pole position for electric vehicle battery boon
Canadian developers of cobalt and lithium mines stand to benefit from a round of investments from the makers of EVs and the batteries powering them.
Vale to mothball New Caledonia mine if no stake buyers found, CEO says
The future of New Caledonia mine is considered a key test for CEO Schvartsman, who pledged to improve shareholder returns.
Vale aims to halve debt to $10bn by 2019
The company also said is ready to shut Caledonia mine mid-next year if it has not found a strategic partner ready to buy a 20 to 40% stake in the project.
Biggest iron ore miner threatens to flood market if prices surge
Brazil's Vale is prepared to unleash as much as 50 million metric tons of spare capacity to balance the market if prices get too high.
Vale expects to sell up to $1.5 bln in non-core assets through 2020
The Brazilian miner revealed these expectations in a presentation to investors in New York on Wednesday.
Glencore, Canadian teachers launch mining royalty firm
BaseCore Metals will be independently operated and have its own board of directors.
Indonesia to grab Rio Tinto stake in Grasberg mine
After pumping billions into the Indonesian mine for almost 25 years, Rio might be able to see a decent return as the country’s government plans to acquire the miner’s 40% stake in the coveted operation.
