The company is looking in Canada, the world's No. 3 cobalt producer.
Nickel Mining News
"We are thrilled to complete our  rebranding to Nickel Creek Platinum, a name which reflects our company's significant endowment of nickel and PGMs..."
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.
Increased supply from Indonesia and subdued demand from China are the main drivers behind the downward trend.
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.
Ninth gain puts red metal on longest winning streak since 2004.
"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.
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.
The country will tailor the protocols to reflect the unique aspects of its domestic mining sector.
The proceeds will be used for refinancing existing debt, financing capital expenditure and general corporate purposes.
Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018.
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, home to world's second-biggest cobalt reserves, is seeing rush of interest in projects from makers of the batteries used in electric vehicles.
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.
Uniquely among its peers, Glencore derives a substantial slice of its earnings from trading commodities, rather than producing them.
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.
While "everyone knows there are great opportunities" for nickel in the EV sector, "prices are not there", according to Vale Chief Exec Fabio Schvartsman,
CEO Anthony Milewski: Cobalt 27’s stockpile of cobalt “is a way for investors to speculate on the price of cobalt, plain and simple.”
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.
The future of New Caledonia mine is considered a key test for CEO Schvartsman, who pledged to improve shareholder returns.
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.
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.
The Brazilian miner revealed these expectations in a presentation to investors in New York on Wednesday.
BaseCore Metals will be independently operated and have its own board of directors.
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.