Biden administration considering price support to backstop critical minerals projects

Madagascar’s Ambatovy nickel project companies filed a debt restructuring plan with an court in London on Wednesday, a spokesperson at the project’s major shareholder Sumitomo Corp said.

Nornickel reported a first-half profit on Friday that fell 22%, hurt by weak nickel prices, while the Russian miner also grappled with logistical difficulties and issues related to cross-border payments.

Canada Nickel (TSXV: CNC) has announced assay results from its 2024 exploration program at the Reid property, located 37 km northwest of Timmins, Ontario.

Australian nickel and lithium producer IGO (ASX:IGO) is negotiating a potential deal with Medallion Metals (ASX: MM8) to divest certain assets of its Forrestania nickel operation in Western Australia, the companies said in separate statements on Thursday.

The Western Australian Government has been expediting mining exploration approvals in a bid to streamline the process and provide incentives to explorers.

Glencore on Wednesday highlighted what it described as “strong strategic achievements for the group over the year to date”.

French miner Eramet SA is looking to acquire more nickel mining permits in Indonesia.