The buyer will also pay Pacific Nickel a 1% royalty on nickel ore shipped from Kolosori, provided that monthly shipments exceed 170 000 t and benchmark prices on the Shanghai Metals Market average above $72/t.

Brazilian mining giant Vale has canceled its planned USD 231 million nickel sulfate plant project in the Canadian province of Quebec

Western Australia-focused Lunnon Metals said on Monday that its Baker and Foster nickel sulphide projects remained potentially viable operations

ASX-listed junior Legacy Minerals has lodged an exploration licence application (ELA6901) over the Nico Young nickel/cobalt deposit in New South Wales (NSW) – a resource containing about one-million tonnes of nickel and 100 000 t of cobalt.

The International Nickel Study Group (INSG) on Thursday forecast a nickel market surplus of 198 000 metric tons for 2025.

Nickel Asia Corp. is in talks to unload its minority stake in a key processing plant to Japan’s Sumitomo Metal Mining Co. as the Philippines’ top producer of the metal focuses on upstream mining and renewable energy businesses.

Average daily volumes at the London Metal Exchange (LME), the world’s largest and oldest metals forum, gained 18% to 664,698 lots in 2024 with nickel volumes surging by 59%, the exchange said on Tuesday.

WBMS: Global refined nickel oversupply by 21,900 tons in October 2024