Tag: Nickel

BHP (ASX: BHP; LSE: BHP; NYSE: BHP) and Australian junior Kingsrose Mining (ASX: KRM) inked on Wednesday two joint agreements to explore and develop nickel and copper assets in Norway and Finland.

Rio Tinto (ASX: RIO; LSE: RIO) reportedly considered a bid for Anglo American (LSE: AAL) in recent months and the second largest miner has not dismissed the possibility of acquiring a portion or the entirety of the company, now a target of BHP (ASX: BHP).

Flying Nickel Mining (TSXV: FLYN; US-OTC: FLYNF) increased its pit resource at the Minago project in Manitoba by 42% and added a platinum group metals (PGM) estimate for the first time.

Today, I’m taking a deep dive into the ill-fated nickel market. If you’re a close follower of commodity markets, you probably know the problems afflicting this sector. Surging output from Indonesia’s nickel laterite mines has flooded the market with new supply.

Glencore (LSE: GLEN) said on Monday it will close and sell its stake in the loss-making Koniambo Nickel SAS (KNS) business it co-owns in New Caledonia, as a sharp drop in the metal’s price continues to hit the industry.

Brazil-focused explorer Bravo Mining (TSXV: BRVO; US-OTC: BRVMF) shares surged on Monday after the company announced an initial resource estimate for its Luanga palladium-platinum-rhodium-gold-nickel project located in Pará state.

Facing more restrictive foreign investment policies in developed markets, China is expected to continue building its influence over key minerals such as lithium and cobalt across the developing world, according to S&P Global.

The Norwegian government outlined on Tuesday details of a plan to open its sea floor for commercial mineral exploration and extraction, targeting metals considered essential for the transition to a greener economy.

Nickel Creek Platinum (TSX: NCP; US-OTC: NCPCF) says a new resource estimate increases metal by almost a third at its Nickel Shaw project in southwest Yukon.