Australian mining group pushes govt for tax credit as lithium, nickel prices slump
An Australian mining association has called for a new production tax credit during meetings with senior ministers called as nickel and lithium miners curtail projects and review new mines in response to a global slump in prices.
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Nickel prices keep slumping even as mines close
Nickel futures continued to edge lower on the London Metal Exchange, despite a slew of announcements by companies cutting production in response to a collapse in prices.
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Indonesia’s nickel prices surge amid probe into mining approvals
Mining News Pro - Prices of nickel ore in top global producer Indonesia have surged about 10% in recent weeks, say local buyers, after an investigation into mining quotas disrupted production of the metal used in stainless steel and batteries.
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Chinese stimulus, lower supply from Russia to keep nickel prices high
Mining News Pro - Nickel prices will edge higher in Q322 as Chinese stimulus measures improve the demand outlook and the Russia- Ukraine war continues to disrupt supply, before falling towards the end of the year as refinery output ramps up, market analyst Fitch Solutions forecasts in its latest industry report.
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Copper, nickel prices spike as Europe scrambles for metal
Mining News Pro - On Wednesday, copper prices continued to rise with May futures jumping to a high of $4.7050 a pound ($10,373 a tonne) in New York, levels last seen during the bellwether metal’s October spike – in sight of record territory.
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Vale maintains positive outlook for iron ore, nickel prices
Mining News Pro - Brazilian miner Vale SA on Thursday said it maintained “positive” expectations for the price of iron ore and nickel in the long term, two of its key products, after reporting quarterly earnings that beat analyst expectations.
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Nickel prices seen falling in 2022 due to surplus
Mining News Pro - Nickel prices in 2022 are seen falling from this year’s multi-year highs, Chinese research house Antaike said on Tuesday, with the global market expected to swing into a surplus as production recovers from pandemic disruptions.
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Nickel prices rocket to six-year high
Mining News Pro - Nickel prices on the London Metal Exchange have reached their highest point since September 2014 off the back of battery demand predictions in 2021.
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Tesla hit by battery shortage amid rallying lithium, cobalt, nickel prices
Mining News Pro - In a call to investors following disappointing financial results released Wednesday, CEO Elon Musk says Tesla doesn’t have enough cells to put new products like Semi truck into production.
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Rising nickel prices to support project development
Mining News Pro - In its latest industry report, Fitch Solutions forecasts nickel mine production to grow by 8.3% y-o-y in 2021, above the average growth of 5.9% y-o-y experienced over 2010-2019 but not fully replacing the 23.3% expected contraction in 2020’s nickel output.
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Carmakers have blind spot for lithium, cobalt, nickel prices
Mining News Pro - A new research note from battery supply chain specialist and price reporting agency, Benchmark Mineral Intelligence, has a warning for carmakers about the direction of battery prices used in electric vehicles – that they won’t fall indefinitely.
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Australia’s Poseidon Nickel to restart Black Swan project as nickel prices surge
Mining News Pro - Poseidon Nickel Ltd, buoyed by a recent surge in nickel prices, said on Friday it would restart operations at its Black Swan project in Western Australia.
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First Quantum could restart Ravensthorpe amid surging nickel prices
Mining News Pro - First Quantum Minerals has signalled the potential comeback of its Ravensthorpe nickel-cobalt operation in Western Australia next year if commodity prices continue to rise.
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The increase in nickel prices in the global markets / nickel sulfide fell on the London Metal Exchange
Mining News Pro - Nickel rose on the London Metal Exchange with a quarter-on-quarter rise to $ 1130 and $ 930 a barrel at $ 145 a barrel, with an immediate increase of $ 11,860 and $ 50.
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Nickel prices on the London Stock Exchange rose
Mining News Pro - Nickel prices on the London Metal Exchange have risen to $ 12,600 a tonne.
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LME nickel prices climb
Mining News Agency -London Metal Exchange (LME) nickel prices recovered back to US$13,285/ton on April 5th, rising by US$225/ton from the previous day. The price dropped by US$500/ton on the Tuesday after Easter Monday from the last day.
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