Nickel Asia profit nosedives on drop in 2023 nickel prices
Listed Nickel Asia Corp. (NAC) said its net income last year plunged by more than half due to lower nickel ore prices. |
Amid nickel glut, Indonesia’s next president vows to keep ‘downstreaming’ policy
Indonesia’s incoming president, Prabowo Subianto, has pledged to continue predecessor Joko Widodo’s nickel “downstreaming” policy but faces the task of reducing oversupply while pushing to strengthen the processing industry, his advisers say. |
On March 11th, the APNI released INPI Index
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On March 11th, the APNI released INPI Index. |
Chinese company to build EV battery factory in Morowali in 2025
In the giant industrial area owned by PT Indonesia Morowali Industrial Park (IMIP), there are 54 companies involved in nickel management. Raw material in the form of ore, which comes from mining companies throughout Indonesia, is processed here into various me... |
Metso to deliver VSF X solvent extraction technology for a battery-grade nickel project in China
Metso has been awarded an order to deliver solvent extraction technology for a nickel plant in China. |
Declining Demand for EVs Is Weighing on the Nickel Market
Nickel prices are proving a headache for miners across the world: oversupply of the metal plus low electric vehicle (EV) demand has created a profit-stealing two-year price slide. |
LME partner Metalshub plans for ‘green’ nickel price
The London Metal Exchange (LME) does not plan to launch a separate “green” nickel contract because the market is not large enough, but said its partner was developing an index price that will reflect demand for low carbon nickel. |
Indonesia says its nickel supply will keep global prices low
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Indonesia, the world’s largest nickel exporter, has a sobering message for struggling producers of the battery metal elsewhere: don’t expect any meaningful revival in prices. |
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