Palladium deficit to widen, Nornickel says as net profit jumps 81%

Newco Ferronikeli is Kosovo's sole ferro-nickel producer and the largest exporter.

The ban is currently due to come into force in 2022.

Indonesia is weighing whether to advance the timeline for a planned ban on exports of mineral ores.

A 2017 regulation stated that miners who are currently building smelters are allowed to export unprocessed mineral until January 2022.

Nickel has long had a reputation for being among the most volatile industrial metals.

The company says recent testing puts the nickel recovery rate from its Decar nickel-iron project at 94%.

The deal also includes the transfer of the Salobo West copper-gold project tenements to Vale.

For the past year, copper traded like a seesaw on the on-again, off-again hopes of a US and China trade deal.

SK Innovation will purchase 100% of the battery-grade cobalt sulphate and nickel sulphate produced from Australian Mines' flagship Sconi project.