Russia’s biggest miner MMC Norilsk Nickel PJSC is weighing several new projects in copper, nickel and palladium in China as sanctions make cross-border payments and shipments increasingly difficult.

The Queensland government has granted Queensland Pacific Metals an A$8-million grant to advance its Townsville Energy Chemicals Hub (TECH) project towards investment readiness.

Australia’s IGO Ltd said on Tuesday it would record a non-cash impairment charge against its nickel exploration assets for fiscal 2024, though the move will not impact the company’s operating profit for the year.

PT Kalimantan Ferro Industry(KFI) plans to build 18 line smelter nickel using rotary kiln electric furnace (RKEF).

French miner Eramet SA is exploring a partnership with Zhejiang Huayou Cobalt Co. to produce battery-grade nickel in Indonesia after a similar project with a European partner fell through last month.

Futures and options average daily volumes on the London Metal Exchange (LME) hit a 10-year peak in the second quarter, jumping 27% year on year, the exchange said on Thursday.

The London Metal Exchange (LME) will suspend the listing of a nickel brand produced by a plant in Finland owned by Russian metals giant Nornickel, it said on Wednesday, without providing a reason for the suspension.

Global nickel prices may have hit a floor, according to a Macquarie analyst who sees a market recovery driven by strong demand from the steel sector and as a surplus of ore supplies shrinks after Indonesia slowed production permits.