Ores

Australian tycoon Forrest shuts nickel mines after prices crash

Wyloo Metals Pty Ltd., the private nickel producer owned by billionaire Andrew Forrest, is shutting down its Western Australian mines due to a sharp slump in prices for the key transition metal.

Monday, January 22, 2024

Australia's nickel producers reel from supply glut

A sharp slide in nickel prices over the past year, driven by a jump in Indonesian supply, has hit Australian nickel producers, leading to mine closures, production cuts and writedowns in recent months.

Thursday, January 18, 2024

Australian Vanadium cuts ribbon on advanced vanadium electrolyte facility in Western Australia

Australian Vanadium Ltd has celebrated the official opening of its vanadium electrolyte manufacturing facility in Wangara, Western Australia.

Thursday, January 18, 2024

Sumitomo participates in FPX Nickel financing to gain 9.9% stake

Sumitomo Metal Mining Canada is investing about C$14.5 million to gain a 9.9% interest in FPX Nickel (TSXV: FPX).

Thursday, January 18, 2024

BHP flags possible writedowns at nickel unit on low prices

BHP Group said on Thursday it was reassessing the value of its nickel operations after a price slump, in a move that could lead to writedowns amid an oversupply of the metal used in electric vehicle batteries.

Thursday, January 18, 2024

Rio Tinto: 2023 iron ore shipments below targets

Rio Tinto, the UK-based mining giant, has reported that its iron ore shipments from Western Australia(WA) in 2023 totaled 331.81 million tonnes

Thursday, January 18, 2024

Samsung SDI invests in Canada Nickel, has right to buy 10% of Crawford projectSamsung SDI invests in Canada Nickel, has right to buy 10% of Crawford project

South Korean battery manufacturer Samsung SDI has become the latest company to invest in Canada Nickel Company (TSXV: CNC), which is developing the Crawford nickel sulphide project in the Timmins-Cochrane mining camp of Ontario.

Monday, January 15, 2024

Tharisa reports highest ever quarterly chrome output, increased PGMs production

Tharisa has reported an 8.7% increase in mill throughput at its South African operations to more than 1.4-million tonnes, with improvements in both grade and recovery for platinum group metals (PGMs) and chrome concentrate for the first quarter of the 2024 fin...

Friday, January 12, 2024
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