Production/Operations
Azure Minerals galvanised by new broad, high-grade nickel hits at Andover’s Ridgeline deposit (Investing.com)
Azure Minerals Ltd (ASX:AZS) has fielded broad, high-grade nickel hits thanks to resource definition drilling at the Ridgeline nickel-copper-cobalt deposit, part of its 60%-owned Andover Project in WA. The base metal explorer drilled 61 diamond holes, covering 33,120 metres, across the sulphide deposit in a bid to scale up mineralisation.
Horizonte Minerals Announces Electro-Mechanical Contract Awarded for Araguaia (Junior Mining Network)
Horizonte Minerals Plc is pleased to announce that it has selected MIP Engenharia & Milplan Engenharia (“MIP/Milpan”) to provide the Electro-Mechanical installation services at Horizonte’s 100%-owned Araguaia Nickel Project (“Araguaia” or “the Project”).
Green River Gold Corp. is pleased to update the progress on the 2022 exploration program at its Quesnel Nickel Project, located 40 kilometers from the City of Quesnel, British Columbia, in the prolific Cariboo Mining District.
IGO’s Cosmos nickel project to cost up to $825 million, almost three times the original estimate (The West Australian)
IGO says its just-acquired Cosmos nickel project near Leinster will cost up to $825 million to complete almost triple the original estimate partly because the company is increasing the nickel concentrator capacity.
Timmins nickel explorer sees big tonnage potential at Shaw Dome Project (Northern Ontario Business)
A little bit of Mark Selby and Canada Nickel appears to be rubbing off on an exploration startup company in the Timmins mining camp. EV Nickel hopes to replicate the marketing success of Canada Nickel’s Crawford Project by proving up a low-grade, large-tonnage nickel resource at its Shaw Dome Project, 25 kilometres southeast of the city.
Global demand for nickel will grow as much as fourfold over the next 30 years as electric vehicles almost entirely replace traditional cars, according to BHP Group Ltd. The world’s biggest miner predicts nine in 10 cars sold by 2040 will be EVs, helping to boost worldwide usage of key battery materials including nickel.
Galileo Resources highlights exploration potential on multiple nickel and gold targets in Zimbabwe (Proactiveinvestors)
Galileo Resources PLC (AIM:GLR) said it has completed detailed follow-up fieldwork on five initial priority gold and nickel targets generated from the recent review of a 1,108 square kilometre airborne geophysical survey over the Bulawayo gold project in Zimbabwe.
NickelSearch expands high-priority nickel sulphide targets at Carlingup in September quarter (Proactiveinvestors)
NickelSearch Ltd (ASX:NIS) continued its exploration targeting process during the September quarter and expanded its portfolio of nickel sulphide targets at the Carlingup Nickel Project with two additional high-priority exploration sites.
While no replacement for full laboratory analysis, portable XRF readings on several samples taken from reverse circulation drilling at T4 identified six anomalous zones with intercepts of between 2m and 9m that host more than 2,000 parts per million (ppm) nickel coincidental with greater than 100ppm copper.
Ausenco has significant recent experience with nickel laterite project developments and direct involvement with the operation of a nickel laterite heap leach project exactly what GME is planning for NiWest. This makes the partnership particularly suited to deliver the process and non-process infrastructure engineering for the NiWest Definitive Feasibility Study.
Galileo Mining assays confirm new nickel sulphide zones near Callisto discovery (Proactiveinvestors)
Today’s results confirm the amazing prospectivity of the ground we are exploring. In our first regional exploration program since the discovery of Callisto, we have identified wide zones of disseminated nickel sulphide in a new geological setting,” Galileo MD Brad Underwood said.
Merger/Acquisitions
IGO nickel returns rise as newly acquired Forrestania operation comes into fold (The West Australian)
IGO’s nickel assets have delivered the company record revenue in the September quarter, with the newly acquired Forrestania operation now complementing the Nova mine. The company told the ASX this week record revenue for the nickel business of $285.2 million was achieved for the quarter, with the contribution from Forrestania of $83.4m more than offsetting 27 per cent lower revenue at Nova
Studies/Surveys
Synthesis and surface modification of nickel-rich layered oxide cathode materials for lithium-ion batteries (PHYS.ORG)
Lithium-ion batteries (LIBs) scientists from the South China University of Technology have summarized recent progress in surface modification of nickel-rich cathode materials based on the periodic table to provide a clear development of advanced LIBs.
Event/Conference/Seminar
BHP honing nickel strategy (Australian Resources & Investment)
At the 2022 iterations of IMARC and Diggers & Dealers, BHP has pushed a clear message: its nickel prospects are bright. The major miner’s Nickel West president Jessica Farrell has presented at both conferences, pushing the future of the Western Australian operations and the bright future of the base metal more broadly.
Journal
Production/Operations
Lithium drilling commences at Faraday (Widgie Nickel)
Widgie Nickel Limited (ASX: WIN, “Widgie” or “the Company”) is pleased to announce the commencement of drilling on the recently discovered Faraday Lithium prospect. Faraday was discovered during field reconnaissance with assays from a rock chip sampling program confirming lithium bearing pegmatites outcropping over a 600-metre strike, with surface expressions of up to 25 meters wide.
News Stories
Earnings/ Financial Results
The output of Zinc dropped (8%) to 218,900 t in Q3 2022 as against 239,200 t in Q2 2022. Nickel output was down (12%) q-o-q to 23,800 t in Q3 while copper production was recorded at 260,300 t, rose marginally by 3% q-o-q as against 252,400. Meanwhile, lead production was recorded at 41,800 t, down 13.45% q-o-q.
JSHL standalone net dips 46% (The Hindu Businessline)
During Q2FY23, raw material prices saw a downward trend, with nickel prices falling by 24 per cent q-o-q and those of ferro-chrome by 18 per cent q-o-q. This impacted the realization and profitability of domestic manufacturers, including the company.
Indonesia’s Antam produces less FeNi, Ni ore in 3Q (ArgusMedia)
Indonesian resources firm Antam produced less ferro-nickel and nickel ore from a year earlier in the third quarter, while increasing its output of bauxite and alumina. Ferro-nickel output totalled 6,106t during July-September, down from 6,418t a year earlier, with output falling to 18,088t from 19,096t over the same period, the firm said in its latest quarterly production report.
Ground Breakers: Lithium, nickel plays up on strong results, Coronado pays special coal divvie (Stockhead)
IGO’s (ASX:IGO) September quarter results have, as expected, been overshadowed by the loss of industry titan Peter Bradford, whose shock death this month drew an outpouring of grief from Australia’s mining community.
Studies/Surveys
Optimising nickel-rich cathode materials enhances performance of lithium batteries (Innovation News Network)
The university team has investigated how the surface modifications of nickel-rich cathode materials improve their performance, summarising the mechanism based on the Periodic Table for the first time. The research may be instrumental in developing next-generation lithium batteries that will help power the energy transition.
The aim of this systematic review was to investigate the shaping properties and outcomes of reciprocating instruments in primary teeth. A search was conducted across various electronic databases such as PubMed, Scopus, EBSCO (dentistry and oral health sciences), LILACS, Cochrane, Google Scholar (first 100 hits), Open Grey, Ovid, and Shodhganga.
Stop us if you’ve heard this before: Geopolitical turmoil, supply chain disruptions, inflation and breakneck demand for batteries are threatening to undercut the transition to electric-everything. Why it matters: A new report from S&P Global Mobility puts hard numbers on how the upheaval is affecting investment specifically soaring prices that aren’t expected to subside any time soon.
Physicists at the Ural Federal University (UrFU) have created a theory for the solidification of iron-nickel (Fe-Ni) alloy (invar). They determined that an important role in the technology of creating invar products, namely in the solidification process, is played by the oncoming flow: when an alloy cools, the liquid layer flows on top of the solidified layer.
Production/Operations
Sandvik Coromant offers higher productivity when milling nickel-based alloys (Manufacturing Today India)
Cutting tool and tooling systems specialist Sandvik Coromant extends the series of ceramic exchangeable milling heads and introduces a new ceramic grade for optimized performance in nickel-based alloys. The latest brazed ceramic CoroMill(R) 316 offers a more productive method for roughing in ISO S materials than standard carbide milling cutters.
Future Metals confident of Panton Project’s potential to host large nickel-copper-PGE system (Proactiveinvestors)
Future Metals NL (ASX:FME, AIM:FME) CEO and MD Jardee Kininmonth joined Proactive’s Elisha Newell in the virtual studio to talk about the company’s Panton Project in Western Australia. The company is confident of the project’s potential to host a large nickel-copper-PGE (platinum group elements) system.
Battle Over Deep-Sea Mining Takes on New Urgency as Trial Run Winds Down (The New York Times)
Mining companies and environmentalists have long been at loggerheads over proposed projects in the Pacific that would provide new sources of metals for electric vehicles but threaten pristine underwater ecosystems.
It’s Better to Mine the World’s Rainforests Than Farm Them (The Washington Post)
As if the world’s rainforests didn’t have enough problems to contend with, even the transition to zero-carbon power is threatening to level them. Industrial mining ate up 3,265 square kilometers (1,260 square miles) of tropical forest between 2002 and 2019, according to a recent study in the Proceedings of the National Academy of Sciences.
There’s new ownership, new branding and a new name for the former Noront Resources in the Ring of Fire. But the path to start mining in Ontario’s Far North doesn’t look to be getting any shorter.
In limbo: gold mining in Guatemala hangs in the balance (Mining Technology)
A $400m international arbitration suit filed by the US-based miner Kappes, Cassiday & Associates (KCA) against the Guatemala Government at the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) could yet decide the future of gold mining in the Central American country.
Initial ore reserve for LN04a extends Mincor’s newly restarted Kambalda nickel mine life to six years (The West Australian)
Initial ore reserve for LN04a extends Mincor’s newly restarted Kambalda nickel mine life to six years
The American attempt at an industrial policy to build electric vehicles (EVs) and batteries has, once again, fallen flat. The recently released list of firms selected for $2.8 billion of funding shows as much. They look more like late-stage research and development (R&D) projects than companies ready to scale.
Global lithium demand is surging. Lithium prices are soaring. For countries with an abundance of the mineral, and other battery metals like nickel and cobalt, the possibility of increasing their influence over the global supply of these sought-after commodities is a lucrative prospect.
Elon Musk has certainly been busy: first, he bought Twitter, and now there’s news that his car company, Tesla (TSLA), may be looking to take a major stake in one of the world’s mining giants. The Financial Times reports that last year
Demand shifts mining to sea (Northwest Arkansas Democrat-Gazette)
High demand for metals ranging from copper to cobalt is pushing the mining industry to explore the world’s deepest oceans, a troubling development for scientists who warn that extracting minerals from critical ecosystems that help regulate climate threatens irreparable damage.
Indonesia is looking to use its position as the nickel capital of the world to set up a cartel with other like-minded mining empires, similar to the way OPEC joins forces to control the global crude oil market.
A proposed spinoff of base metal assets by Vale will have no bearing on the Brazilian corporation’s work in Newfoundland and Labrador, a representative of the company says. Roberto Damasceno, head of Newfoundland and Labrador operations with Vale, told SaltWire Network that the company’s operations in the province would not be affected by the potential spinoff.
Attero Recycling, an electronic waste Li-ion battery recycling company, will invest 600 crore to set up a latest integrated Lithium-ion battery recycling factory in Telangana. The facility will be spread over 50 acres and will increase Attero’s Li-Ion battery recycling capacity to 19,500 MT by the end of 2023 from its current capacity of 4,500 MT.
West Perth-based Cosmo Metals (ASX: CMO) says thick, shallow copper mineralisation has been intersected from a seven-hole drilling program at the priority Mt Venn copper-nickel-cobalt prospect. Mt Venn is part of the company’s flagship Yamarna project, which is 130km northeast of Laverton in the eastern goldfields of Western Australia.
Junior targets North of 60 green metals (North Mining News)
Having identified 12 high-priority targets from high-resolution geophysical data, StrategX Elements Corp. is planning to conduct a first-phase, 2,000-meter diamond drill program on its Nagvaak project in Nunavut.
BHP wants Australia to ban new petrol cars by 2035 (Financial Review)
BHP wants a ban on sales of new petrol and diesel powered cars in Australia by 2035 and says governments should ensure the nation has the necessary infrastructure to support an increasingly electric car fleet.
Mining giant Glencore plans to have a new furnace at its Sudbury operations by 2026. The project is expected to cost more than $100 million. The company’s current electric furnace was built in 1978, which makes it one of the longest-running furnaces of its kind in the world, according to Peter Xavier, vice-president of Glencore’s Sudbury Integrated Nickel Operations.
Karora Resources: Cheap For No Reason (TSX:KRR:CA) (Seeking Alpha)
While the general market has suffered a significant correction, with its drawdown exceeding 27%, the Gold Miners Index (GDX) has suffered the real bear market. This is evidenced by a 53% correction from its 2020 highs.
Iron ore magnate Andrew Forrest lifts stake in Kambalda nickel miner Mincor Resources (The West Australian)
Andrew Forrest has spent almost $40 million lifting his stake in Kambalda nickel play Mincor Resources as the iron ore magnate uses his family fortune to gain greater exposure to future-facing minerals. A substantial holder notice issued to the Australian Securities Exchange on Friday showed Mr Forrest’s private investment interests
BHP and IGO’s nickel operations are about 200km by road from Cannon’s Fisher East group of nickel deposits that on a combined basis total 7.5 million tonnes grading 1.
Sibanye Stillwater reports adjusted EBITDA of $496M in Q3 as gold and PGM production down y-o-y (Kitco)
Sibanye Stillwater (NYSE: SBSW) reported today that production from its gold operations in South Africa (including DRDGOLD) was 204,672oz in Q3 2022, down 30% compared with Q3 2021. All-in sustaining costs (including DRDGOLD) were US$2,207 per ounce of gold or 52% higher than for Q3 2021
Shree Minerals pursues gold, nickel, REE opportunities in Australia’s highest growth gold district (Proactiveinvestors)
Shree Minerals Ltd (ASX:SHH) hopes to bolster its landholding on the hunt for gold, nickel and rare earth elements (REEs) in Australia’s highest-growth gold district. The multi-element explorer has secured a 100% interest in seven tenement applications spanning 6,600 hectares in WA’s iconic Laverton Province.
China Mining by the numbers, 2022 (spglobal)
Having dominated the key mineral sectors of zinc and rare earth elements, China has shifted focus over the past five years to battery metals through developing and acquiring new lithium projects and securing supply chains for its manufacturing sector.
As Andrew Myers knocked on doors in a neighborhood with stunning views across Lake Minnetonka, the Republican state House hopeful got an earful from residents worried about crime in their far west Minneapolis suburb: a woman’s body had washed up on shore a few doors down earlier in the week, and authorities hadn’t said if it was foul play.
Benchmark: Indonesia could become major cobalt producer; forecasts 30x boost (Green Car Congress)
Indonesia is both the world’s largest nickel producer and the country with the biggest nickel reserves. (Most of Indonesia’s nickel output is currently Class 2 nickel, a low-purity type used for stainless steel.
Aldoro Resources to diamond drill Narndee Nickel-PGE Project this month after IP survey defines targets (Proactiveinvestors)
Aldoro Resources Ltd (ASX:ARN) plans to diamond drill at the Narndee Nickel and PGE (platinum group element) Project later this month following a successful fieldwork program. A high-powered induced polarisation (IP) survey across two targets, Target 1 and Target 2, has helped the company pick out priority drilling areas. The two targets are 500 metres apart.
Lithium-ion batteries are a transformative technology in the fight against climate change. Most notably, they power electric vehicles, which have the potential to replace emissions produced by road transportation.
Indonesia considers Opec-style cartel for battery metals (Financial Times)
Indonesia considers Opec-style cartel for battery metals
Chief invades widow’s mine (Zimbabwe Situation)
A 64-year-old widow from Shangani in Matabeleland South Province has accused Chief Gwesela of Zhombe of elbowing her out of her mining venture, a development which she says has left her wallowing in poverty.
For the first time, the International Energy Agency is reporting that global demand for fossil fuels will peak or plateau in the next decade as the world transitions to renewable energy. This is a welcome development ahead of the 27th U.N. Climate Change Conference (COP27), which includes a focus on the promise of innovation and clean technologies to mitigate the climate crisis.
Mining project mobilization underway north of Powell River (Coast Reporter)
Alpha Copper Corp, a resource sector organization founded to create value through mineral exploration and asset advancement, has announced that drill program mobilization to its Okeover project has commenced.
St George Mining (ASX:SGQ) spots lithium in first round of drilling at Mt Alexander, WA (The Market Herald)
St George Mining (SGQ) has spotted lithium bearing pegmatites in the first drill holes at the Jailbreak prospect within its Mt Alexander project, Western Australia. The project comprises six exploration licences and SGQ’s current exploration work includes both rock chip sampling and maiden reverse circulation drilling.
Ragnar Metals (ASX:RAG) strikes further nickel sulphides at Tullsta, Sweden (The Market Herald)
Ragnar Metals (RAG) has intersected further massive and semi-massive sulphides at its Tullsta nickel project in Sweden. The company has been continuing its 3000-metre drilling program, led by drilling company Allroc AB, to further test the Granmuren nickel-copper discovery in the area.
Tokyo Institute Of Technology: Durable, Inexpensive Catalyst Reduces Carbon Footprint Of Ammonia Production (India Education Diary)
The Haber-Bosch process, which is commonly used to synthesize ammonia (NH3) the foundation for synthetic nitrogen fertilizers by combining hydrogen (H2) and nitrogen (N2) over catalysts at high pressures and temperatures, is one of the most important scientific discoveries that has helped improve crop yields and increase food production globally.
BHP sees Australia benefiting from EV metals push in U.S., Europe
The dangers of a Minnesotan nickel mine (The Mac Weekly)
What do you do when a corporation decides that the area next to your house is the prime area for a nickel mine This is the exact question being asked in Northern Minnesota as Talon Metals is quickly working to open a mine to provide nickel for the nation’s infrastructure and car batteries.
Economy
The development of the export-oriented nickel and electric car battery industry in Indonesia has the potential to strengthen the national economy, according to a report released by Citi Indonesia on Thursday.
Pricing
Nickel Mines believes worst of nickel pricing now behind it (MiningNews.net)
Managing director Justin Werner told a quarterly update that “we think we’ve seen the bottom” after NPI pricing during the September period came in at US$15,950/t.
Copper prices are expected to hold steady next year after sliding sharply in 2022, a Reuters poll showed, as rising supply is balanced by tight inventories. COMMODITYPOLL01 Copper prices have shed about a fifth so far this year, weighed down by rising interest rates, a potential global recession and strict COVID curbs in top metals consumer China.
Georgia gas prices down a nickel since last week (HenryHerald.com)
Georgia gas price average continues to decline. Georgia drivers are now paying an average price of $3.15 per gallon for regular unleaded gasoline. Monday’s state average is 5 cents less than a week ago, 3 cents less than a month ago, and 9 cents less than this time last year.
The price of gas in Nova Scotia took a jump of just over a nickel a litre overnight. And diesel rose even higher. Gas now costs a minimum of 181.5 cents a litre in Zone 1, which includes the Halifax area, and is slightly higher in other areas of the province topping out in Cape Breton at 183.5 cents. That’s an increase of 5.2 cents a litre.
Shanghai nonferrous metals closed mostly with losses as the SHFE base metals fell in morning trade on the US Fed’s rate hike decision overnight. Shanghai copper lost 0.35%, aluminium gained 1.23%, lead lost 0.07%, zinc fell 0.15%, tin slid 2.14%, and nickel climbed 0.31%.
Possible change in China’s zero-Covid policy drives base metals prices up; nickel up 8.2% (fastmarkets)
All base metals prices have gone up strongly, with rumors circulating widely that China was considering an alteration to its zero-Covid policy. There was market chatter on Tuesday morning suggesting that a Reopening Committee [was] being formed and led by Wang Huning, a standing member [of China’s ruling] Politburo, according to Zenon Ho of financial services provider Marex’s metals desk.
Merger/Acquisitions
Magna Mining edges towards closing ‘transformational’ C$16M acquisition of Lonmin Canada Inc (Proactiveinvestors)
Magna Mining Inc (TSX-V:NICU) has revealed the company is edging nearer to closing the previously announced ‘transformational’ C$16 million acquisition of Lonmin Canada Inc, which includes the Denison project and covers the past-producing Crean Hill nickel-copper-platinum group elements (PGE) asset.
Electric vehicles giant Tesla (NASDAQ: TSLA) considered taking a stake in Glencore (LON: GLEN) and held talks with the miner and commodities trader, the Financial Times reported. Citing unnamed sources familiar with the matter, FT said Tesla discussed buying 10% to 20% of Glencore last year and continued negotiations in March this year
PIF, Mitsui eye stake in Vale’s base metals business (MINING.com)
Saudi Arabia’s Public Investment Fund and Japanese trading house Mitsui & Co. are considering bids for a minority stake in Vale SA’s nickel and copper operations, people with knowledge of the matter said.
Stock/Shares
Guess which ASX mining share Andrew Forrest has been buying up this week (Hint: not Fortescue) (The Motley Fool)
Fortescue boss Andrew Forrest has been buying up millions of shares in Mincor Resources and now owns just under 20% of the company Mincor Resources held its annual general meeting today The ASX mining share began producing nickel again in 2022 after a six-year pause It’s a small-cap ASX mining share that’s got the attention of a mega-cap mining CEO.
Shree (ASX:SHH) buoyed on tenement applications for gold, nickel & REE in Laverton Province (Kalkine Media)
Shree Minerals Ltd (ASX:SHH) shares traded 7.142% stronger at AU$0.007 apiece on 1 November 2022. The surge in the stock price was seen after the ASX-listed company announced an update on highly prospective tenement applications within the Laverton Province of Western Australia.
Contract/Orders
Canada has ordered China to immediately sell its holdings in three Canadian mining companies, as the need for investments in the extraction of critical minerals clashes with growing concerns over national security.
GR Engineering bolsters EPC scope at IGO’s Cosmos nickel operations (International Mining)
GR Engineering Services says it has increased the scope of work related to the engineering, procurement and construction contract with Australian Nickel Investments Pty Ltd, a wholly owned subsidiary of IGO Limited, for the upgrade of the existing nickel concentrator at the Cosmos nickel operations, in Western Australia.
The Bureau of Customs has ordered its District Inspector in this city to immediately unload about 100,000 metric tons of nickel ore loaded at M/V Lucky Source and M/V De Xin Xing Long and allegedly bound for China.
Asian battery makers jeopardise raw materials access by delaying deals (Financial Times)
Asian battery makers jeopardise raw materials access by delaying deals
Investment
Indonesia Battery Corp in EV talks with European automakers (Free Malaysia Today)
Indonesia Battery Corp is in discussion with European carmakers for investment into the Southeast Asian country, the chief of the state-owned company told Nikkei Asia, saying an announcement can be expected in a few weeks.
Metals are important as Canada blocks Chinese investments (Wire Service)
The Ottawa government has ordered three Chinese conglomerates to pull out of some Canadian mining projects. It is a move that uses a new regulatory framework to govern foreign direct investment in sectors deemed critical to national security. Meanwhile, Indonesia
Government/Regulatory
Ontario Mines Minister Pirie targets red tape for Ring of Fire (The Northern Miner)
Ontario Mines Minister George Pirie, a 35-year mining industry veteran before his election in June, says he plans to consider cutting project red tape fairly shortly while encouraging more federal investment in the Ring of Fire.
The federal government is pledging billions of dollars for charging infrastructure, and manufacturers are continuously improving battery technology, but at what cost? The mining of nickel and cobalt is having a serious impact on the environment, causing mass species die-offs, and tearing local communities apart, just so that we can test 0-60 mph times in the new Tesla Model S .
Government agency develops nickel-free plating procedure to reduce skin disorders caused by jewelry (AJU Business Daily)
A government agency that leads national standards and technical evaluation in South Korea developed a plating technique that uses alternative chemical elements to replace nickel, a heavy metal used to improve the gloss and corrosion resistance of metal accessories.
They operate outside the constituted legal system and their operations are inimical to the environment and economy of the nation. Government is therefore determined to mainstream this class of miners into the legal system for effective management.
Taxation
Ford, Toyota are at odds with their suppliers over EV tax credit (The Business Times)
AS automakers call on the US government to rethink a plan to limit tax credits for electric vehicles (EV), they’re facing opposition from an unexpected source: their own suppliers.
Fund Raising/Grants
Biden EV funding snubs Detroit (Mining Journal)
But that’s not what the Biden administration’s Department of Energy, led by Energy Secretary and former Michigan Gov. Jennifer Granholm, seems to think. The DOE announced last week that it would fund $2.8 billion in grants to stimulate domestic electric vehicle battery production across a dozen states. The projects will focus on battery mineral processing or component manufacturing.
Capacities/Facilities
6K Additive to increase AM metal powder production capacity (Powder Metallurgy Review)
6K Additive, a division of 6K, North Andover, Massachusetts, USA, has announced its intention to significantly increase metal powder production capacity for Additive Manufacturing. This expansion includes adding four new UniMelt microwave plasma systems for powder production, as well as the addition of a new material feedstock preparation building.
Arianne Phosphate Has Capacity To Meet Growing Demand As Electric Vehicles Transition To Lithium Iron Phosphate Batteries (boersennews)
However, cobalt and nickel are scarce, expensive and controversial raw elements to mine in part due to the high human costs involved. As such, due to factors ranging from supply chain concerns to cost and efficiency considerations, engineers and companies are now transitioning away from lithium-ion batteries with cobalt and nickel in favor of lithium iron phosphate batteries (LFP).
Vendor/ Supplier Related
A Reckoning For EV Battery Raw Materials (Seeking Alpha)
Geopolitical turbulence and the fragile and volatile nature of the critical raw-material supply chain could curtail planned expansion in battery production – slowing mainstream electric vehicle (EV) adoption and the transition to an electrified future.
During this bear market you can follow full-time trader Chris Capre & get his options trades signals in real-time. Click Here to See His Next Trade! Tesla Inc TSLA-3.64% + Free Alerts discussed with Glencore Plc GLCNF GLNCY about acquiring a stake in the Swiss commodities group.
Investor Relations
Smelting activity fell in all regions except North America, according to a joint statement from commodities broker Marex and SAVANT, the satellite analytics service Marex launched with Earth-i in 2019.
Thank you, and welcome, everyone, to the Nickel Industries September quarterly results call. If I could just ask the moderator to move the presentation to Slide 3, and we’ll start there. Another strong quarter for Nickel Industries with a number of records again achieved and a number of significant milestones, including the recognition of Hengjaya Mine’s environmental performance, which I’ll touch on a little bit later on.
LME Week: Nickel market looks for stability (ArgusMedia)
Following March’s short squeeze and temporary suspension of LME nickel trade, many participants abandoned the market or reduced their exposure, with the resulting liquidity crisis leading to sudden price swings in the three-month contract often unrelated to fundamentals.
President Muhammadu Buhari will next Tuesday declare open the 6th edition of the Nigeria Mining Week which assembles investors, academia and mining industry professionals across the entire mineral sector value chain at the International Conference Centre, Abuja.
In the spot market, on November 4, Jinchuan nickel premiums were quoted at 5,500-6,000 yuan/mt, with an average of 5,750 yuan/mt, up 500 yuan/mt from the previous trading day. NORNICKEL nickel premiums were 3,300-3,700 yuan/mt, and the average price was 3,500 yuan/mt, up 250 yuan/mt from the previous trading day yuan/mt.
As of November 4, the inventory of nickel ore across Chinese ports increased by 543,000 wmt to 9.095 million wmt compared with last Friday. The total Ni content stood at 71,000 mt. The total inventory at seven major ports across China stood at 4.99 million wmt, 263,000 wmt higher than last week.
Ratings/Rankings
Vedanta Rating: Neutral; Poor quarter amid big uncertainties (The Financial Express)
Metals and mining major Vedanta’s consolidated net sales stood at Rs 36,600 crore, 6% ahead of our estimates of Rs 34,500 crore. The improved sales was driven by higher sales volume, strategic hedging gains, and foreign exchange gains, which was partially offset by lower commodity prices.
Environment/ Climate
Mining sector to lead the transition to green energy (Mining Review Africa)
A key challenge facing the transition is the lack of available critical minerals to help build green technologies. Newcrest Mining Chief Financial Officer, Sherry Duhe told the opening session of IMARC that critical mineral demand is going to increase by 300% by 2040.
Business Partnership
Vale mulling base metals partnership, CEO says (Mining Weekly)
Brazilian miner Vale is mulling potential partnerships for its base metals business, chief executive Eduardo Bartolomeo said on Friday, while reiterating that the unit’s assets are not for sale. Bartolomeo said in a conference call with analysts that a partnership might be a value-unlocking move for the unit. Vale had announced last month a reorganization of its Brazil base metals business, which includes copper and nickel assets.
Opinion/Feature/Trends
Government/Regulatory
Five ways sanctions are hitting Russia (moneycontrol)
But governments have been more reluctant to clamp down on Russia’s energy trade because of concerns about economic growth and inflation. And some countries continue to purchase Russian uranium, diamonds, nickel and a host of other raw materials.
Studies/Surveys
Opinion: Miners are embracing renewables both for cost and image: Russell (The Economic Times)
Opinion: Miners are embracing renewables both for cost and image: Russell
Why is Lithium the New ‘White Gold’? (E-VehicleInfo)
Li-Ion Batteries have excellent high-temperature performance, a high power-to-weight ratio, great energy efficiency, and minimal self-discharge. Lithium-ion parts can often be recycled. Nickel Manganese Cobalt and Lithium Iron Phosphate are two of the more popular lithium-ion chemistries.
In an electric vehicle or hybrid electric vehicle, the electric motors are powered by a rechargeable battery. Their use is becoming increasingly adopted by many countries. An executive order signed by US President Joe Biden mandates that by 2030, electric vehicles must account for 50% of all new car sales.
Production/Operations
Why innovation in the mining sector is critical for the energy transition (World Economic Forum)
Amid our global energy transition, corporations and governments are conscientiously building pathways to decarbonize our energy sources. These efforts hinge on how readily we embrace renewable energy sources, yet even renewable-based technologies require a massive input of materials, including metals and minerals.
Stainless Espresso: Is Indonesia planning OPEC-like organisation for EV battery metals? (Steel News)
The government of Indonesia seems to be actively considering an OPEC-like cartel for EV battery metals. At the same time, the nickel export tax is being brought back into the race, while the Philippines is cracking down on illegal mining and export of the valuable metal.
RAW MATERIALS: COULD MINING DIG THE EU OUT OF A HOLE? (euranet plus)
Recent disastrous events, the COVID pandemic and then the war in Ukraine, have caused major disruption in supply chains. This has reinforced the feeling in the European Union that the bloc can no longer rely on free trade and the market to ensure the functioning of its economy.
More than 7500 delegates are at a high-powered summit in Sydney to make deals and tackle challenges, with a large police presence to fend off climate protesters. “Gazing at our own navel and complaining how hard we’re done by – that will not do any good,” Newcrest Mining chief financial officer Sherry Duhe said in her keynote speech on Wednesday.
Contract/Orders
With the war in Ukraine raging and continuing to disrupt global supply chains, the European Union has sought to hasten negotiations of free trade agreements (FTAs) with third-party nations. One of the largest potential partner countries also remains among the most elusive: Indonesia, Southeast Asia’s largest economy.
Stock/Shares
How are these ASX nickel shares performing today? (Kalkine Media)
Australia is considered as one of the largest nickel reserves in the world. This commodity is an essential component for manufacturing stainless and heat-resistant steel. Nickel is also used for making certain types of batteries. In addition to that, Nickel is employed in electroplating, a process of coating a metal with a thin layer of nickel to protect it from corrosion or damage.
Why is the Nickel Industries share price leaping 6% today? (The Motley Fool)
The Nickel Industries Ltd (ASX: NIC) share price has started the week strongly. At the time of writing, the nickel producer’s shares are up over 4% to 73 cents. At one stage, the Nickel Industries share price was up as much as 6% to 74 cents.
Management Change
Northern Cape’s Tshipi manganese mine ‘up there with best of them’, says new Jupiter CEO (Mining Weekly)
Rogers has been running ASX-listed Jupiter, a 49.9% investor in Tshipi, since the beginning of August, having joined the company from Bis Industries, Australia’s 140-year-old mining logistics company.
Press Release
Production/Operations
Nickel Creek Platinum Completes Drilling and Geophysics Program at Nickel Shaw Project (Junior Mining Network)
Nickel Creek Platinum Corp. (TSX: NCP) (“Nickel Creek” or the “Company”) is pleased to announce the completion of its 2022 drilling and geophysics program at its Nickel Shaw Project in Canada’s Yukon Territory with a total drilling of approximately 3,300 metres.
Baker Drill Programme Concludes with 9.45m @ 6.94% Ni (LUNNON METALS)
Lunnon Metals Limited (ASX: LM8) (the Company or Lunnon Metals) is pleased to provide the last high priority assay results from its discovery programme at the Baker Shoot, part of the Kambalda Nickel Project (KNP).
We act for Kedalion Nickel Pty Ltd ACN 663 451 170 (Kedalion). We attach pursuant to item 5 of section 633(1) of the Corporations Act 2001 (Cth), a copy of Kedalion’s bidder’s statement (Bidder’s Statement) in relation to Kedalion’s off-market takeover bid for all of the ordinary shares in Cannon Resources Limited ACN 646 149 902 (Cannon).
Rimfire Pacific Mining (ASX: RIM, ‘Rimfire’ or the ‘Company’) is pleased to advise that several high-grade cobalt targets have been identified on its 100% – owned Broken Hill Cobalt Project following a review of historic exploration activities.
Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), (“Bravo” or the “Company”) today announced that it has received assay results from an additional nine infill diamond drill holes (“DDH”) from its Luanga palladium + platinum + rhodium + gold + nickel (3PGM+Au+Ni) project (“Luanga” or “Luanga PGM+Au+Ni”), located in the Carajas Mineral Province, state of Para, Brazil.
Metallis Resources Inc. (TSXV: MTS) (OTCQB: MTLFF) (the “Company” or “Metallis”) today announces the completion of the Company’s 2022 exploration program (the “Program”) at its 100%-owned Kirkham Property situated in the prolific Eskay Camp of the Golden Triangle, northwestern British Columbia
NiCAN to Attend Swiss Mining Institute Forum and Central Canada Mineral Exploration Convention (Yahoo)
NiCAN Limited (“NiCAN” or the “Company”) (TSXV: NICN) continues to expand its shareholder awareness initiatives. After completing a number of positive virtual meetings at the 121 Global Online Tech Metals conference, NiCAN will continue to introduce the Company, and its highly prospective Nickel projects in Manitoba Canada, throughout the fourth quarter.
Metal Energy boosts exposure in the United States, listing to the OTCQB under the symbol ‘MEEEF’ (Junior Mining Network)
Metal Energy Corp. (the “Company” or “Metal Energy”) (TSXV: MERG) (OTCQB: MEEEF) is pleased to announce that it has qualified for trading on the OTCQB Venture market in the United States under the symbol “MEEEF”. The company profile can be viewed here. Metal Energy’s common shares will continue to trade on the TSX Venture Exchange (the “TSXV”) under the symbol “MERG”.
Cloudbreak Discovery PLC (LSE:CDL) CEO Kyler Hardy speaks to Proactive during an investor visit in London. The junior recently announced plans to move its mining activities into a new wholly-owned subsidiary called Cloudbreak Exploration.
PJSC MMC Norilsk Nickel (“Nornickel”) has today provided an update regarding the U.S.$500,000,000 2.55 per cent. Loan Participation Notes due 2025 (the “Notes”) issued by MMC Finance Designated Activity Company (the “Issuer”) for the sole purpose of financing a loan to Nornickel, as borrower.
Event/Conference/Seminar
International Mining and Resources Conference Presentation (PACIFIC NICKEL)
This presentation may contain certain statements and projections provided by or on behalf of Pacific Nickel Mines Limited (“Pacific Nickel”) with respect to the anticipated future undertakings. These forward-looking statements reflect various assumptions by or on behalf of Pacific Nickel.
International Mining and Resources Conference (IMARC): How Critical Mineral Mining Can Herald a Greener Future (Finanznachrichten.de)
The global demand for critical and future-facing minerals is set to usher Australia into a new resources boom. There are currently hundreds of millions of dollars’ worth of key minerals such as nickel, lithium, cobalt and manganese scattered across Australia.
Investor Relations
Karora Resources Announces Conference Call / Webcast Details for Third Quarter 2022 Results (Junior Mining Network)
Karora Resources Inc. (TSX: KRR) (“Karora” or the “Corporation”) is pleased to announce senior management will host a conference call / webcast on November 7, 2022 at 10:00 a.m. (Eastern Time) to discuss the Corporation’s third quarter 2022 results. The access information is provided below.
EnviroGold Global Limited, a Clean Technology Company accelerating the world’s transition to a circular-resource economy through the production of Metals Without Mining, is pleased to announce that Company founder
Stillwater Critical Minerals (formerly Group Ten Metals) (TSXV:PGE)(OTCQB:PGEZF)(FSE:5D32) (the “Company” or “SWCM”) announces that the Company has applied for TSX Venture Exchange approval to extend the expiry date on certain warrants that were due to expire November 21, 2022 (the “Warrants”).
Merger/Acquisitions
Green Battery Minerals : Acquires Boudrias Properties, with Historical Sample Result Including 0.60% Nickel and 1.93% Copper (MarketScreener)
Green Battery Minerals Inc. (the “Company”) (TSX-V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) is very pleased to announce it has acquired the “Boudrias Property” located (50 km) northeast of Baie Comeau, Quebec.
Fathom Nickel Announces Completion of Surface Program at the Recently Acquired Tremblay-Olson Area Claims (Junior Mining Network)
Fathom Nickel Inc. (CSE:FNI) (FSE: 6Q5) (OTCQB: FNICF) (the “Company” or “Fathom”) is pleased to announce the completion of soil geochemistry, mapping and prospecting programs at the Tremblay-Olson area within the Company’s flagship Albert Lake Property (the “Fall Program”).
Capacities/Facilities
Arianne Phosphate Has Capacity To Meet Growing Demand As Electric Vehicles Transition To Lithium Iron Phosphate Batteries (Yahoo Finance)
Arianne Phosphate The world of electric vehicles (EVs) is fraught with controversial opinions; companies and consumers alike have all but waged war over how to make the best battery possible. For decades, companies specifically North American companies placed their bets on lithium-ion batteries, which rely heavily on lithium, cobalt, and nickel resources.
Contract/Orders
Surge Battery Metals Inc. (the “Company” or “Surge”) (TSXV:NILI)(OTC PINK:NILIF)(FRA:DJ5C) is pleased to announce that it has entered into a Corporate Advisory and Investment Banking Agreement with Network 1 Financial Securities, Inc. (“Network 1”).
Earnings/ Financial Results
Maverix Metals Inc. (“Maverix” or the “Company”) (NYSE American: MMX) (TSX: MMX) is pleased to announce that it has sold approximately 7,900 attributable gold equivalent ounces(1,2) (“GEOs”) during the three months ended September 30, 2022 and the Company remains on track to achieve its adjusted guidance of 28,000 to 31,000 attributable GEOs for 2022.(3)
Sherritt Reports Strong Third Quarter Results and Provides Details of Its Moa JV Expansion Program (Business Wire)
Sherritt International Corporation (“Sherritt”, the “Corporation”, the “Company”) (TSX: S), a world leader in the mining and hydrometallurgical refining of nickel and cobalt from lateritic ores, today reported its financial results for the three and nine months ended September 30, 2022. All amounts are in Canadian currency unless otherwise noted.
Environment/ Climate
Ring of Fire Metals (RoF Metals) has commenced two studies exploring the use of wind power and atmospheric carbon removal as part of planning for a net zero emissions mine in Northern Ontario’s Ring of Fire.
Management Change
CaNickel Mining Appoints Shirley Anthony as Vice President, Corporate Development (Junior Mining Network)
CaNickel Mining Limited (TSXV: CML) (“CaNickel” or the “Company”) is pleased to announce the appointment of Shirley Anthony as Vice President, Corporate Development, effective immediately. In this role, Ms. Anthony’s responsibilities will include corporate development, contract negotiations, and oversight of the legal and financial matters of the Company.
Video
Investor Relations
Nickel Industries Limited – September Quarter Results Webcast (Open Briefing)
Nickel Industries Limited – September Quarter Results Webcast
Production/Operations
Azure Minerals hits high-grade nickel at Ridgeline
Panther Metals completes work at Wishbone site and switches to Awkward Conduit (Proactiveinvestors Australia)
Panther Metals PLC (LSE:PALM) chief executive Darren Hazelwood speaks to Proactive following the conclusion of drilling at the Wishbone site at the Obonga project in Ontario, Canada. The samples taken are now being packed and ready for transport to a laboratory for analysis.
Galileo Mining confirms new nickel sulphide discovery at Norseman (Proactiveinvestors)
Galileo Mining Ltd (ASX:GAL) chairman & managing director Brad Underwood chats with Proactive about confirmation of a new nickel sulphide zone near the Chinook deposit. Underwood discusses naming this discovery and further exploration plans. Drilling is continuing at Callisto and the next assay results are due this month. Galileo is also testing for high-value rhodium.
Snippet
Stock/Shares
Nickel gains though most stocks lag (MiningNews.net)
Investor Relations
Anglo American plc 12.8% potential upside indicated by Barclays (DirectorsTalk Interviews)
Cattle Markets Fade into Weekend (The Globe and Mail)
Pricing
Studies/Surveys
Production/Operations
Journal
Studies/Surveys
Adsorption and photodegradation of reactive red 120 with nickel-iron-layered double hydroxide/biochar composites (Journal of Hazardous Materials)
Layered double hydroxide (LDH) materials were widely applied for adsorption and photodegradation of pollutants for wastewater treatment. New efficient LDH materials with adsorption and photodegradation abilities will be promising candidates for pollutants removal.
Nickel-Doped Manganese Dioxide Electrocatalysts with MXene Surface Decoration for Oxygen Evolution Reaction (Energy Fuels)
Electrochemical water splitting (EWS) has been considered as an ideal strategy to produce renewable hydrogen energy. However, the application of EWS is hindered by its sluggish kinetics of oxygen evolution half-reaction. In this work, we successfully prepared an efficient MXene-Ni0.075Mn0.925O2/CC catalyst for oxygen evolution reaction
The positive effects of metal oxide nanoparticles (NPs) on dark fermentation (DF) for biohydrogen synthesis have been increased, and the mechanism still needs to be further revealed. In this study, nickel-cobalt oxide (NiCo2O4) NPs were prepared to increase H2 yield via DF.
Interfacially engineered induced nickel-based heterostructures as efficient catalysts for Li-O2 batteries (Electrochimica Acta)
Lithium-oxygen batteries have much attracted attention due to their ultra-high theoretical energy density. However, its practical application is still hampered by many issues, which are mainly attributed to the slow kinetics of oxygen redox reaction/oxygen evolution reaction (ORR/OER) dynamics.
Robust palladium catalysts on nickel foam for highly efficient hydrogenations (Catalysis Science & Technology)
The combination of a polydopamine interface, solvothermal seeding of Pd(OAc)2, and ALD Al2O3 overcoat enables the formation of evenly-coated, ultralow Pd loading Ni foam monolith materials. The robust, easy to handle materials display excellent catalytic reactivity towards the hydrogenation of variably-functionalized nitroaromatics and styrenes at low temperatures and H2 pressure.
Patent
Intellectual Property
Korean Intellectual Property Office Publishes Entegris Inc’s Patent Application for a Method for Selectively Removing Nickel Platinum Material (Korea Patent News)
Seoul, Nov. 4 — Korean Intellectual Property Office has published Entegris Inc’s patent application for a method for selectively removing nickel platinum material. The invention was developed by Hong Seongjin.
European Patent Office Publishes Kubota KK’s Patent Application for Nickel-Base Alloy, Heat-Resistant and Corrosion Resistant Component and Component for Heat-Treatment Furnace (European Patent News)
Munich, Nov. 3 — European Patent Office has published Kubota KK’s patent application for nickel-base alloy, heat-resistant and corrosion resistant component and component for heat-treatment furnace. The invention was developed by Kamitsuji Ayano, Asano Soichi, Enjo Yohei and Hashimoto Kunihide.
Dipsol Chem Files European Patent Application for Zinc-Nickel-Silica Composite Plating Bath and Method for Plating Using Said Plating Bath (European Patent News)
Munich, Nov. 3 — Dipsol Chem has filed a patent application for zinc-nickel-silica composite plating bath and method for plating using said plating bath. This invention was developed by Mikami Masayoshi and Inoue Manabu.
Korea Zinc Co Ltd and Korea Nickel File European Patent Application for Economical Method, Using Combination of Wet and Dry Processes, for Smelting Nickel from Nickel Sulfide Ores (European Patent News)
Munich, Nov. 3 — Korea Zinc Co Ltd and Korea Nickel have filed a patent application for economical method, using combination of wet and dry processes, for smelting nickel from nickel sulfide ores. This invention was developed by Choi Chang Young and Kim Byoung-Moon.
Exxelia Submits Patent Application for Nickel-Zinc-Copper Ferrite for Application in a Vuhf Antenna (European Patent News)
Munich, Nov. 3 — Exxelia has submitted a patent application for nickel-zinc-copper ferrite for application in a vuhf antenna. Ul Remy developed the invention.
European Patent Office Publishes Kubota KK’s Patent Application for Nickel-Base Alloy, Heat-Resistant and Corrosion Resistant Component and Component for Heat-Treatment Furnace (European Patent News)
Munich, Nov. 3 — European Patent Office has published Kubota KK’s patent application for nickel-base alloy, heat-resistant and corrosion resistant component and component for heat-treatment furnace. The invention was developed by Kamitsuji Ayano, Asano Soichi, Enjo Yohei and Hashimoto Kunihide.
Taipei, Nov. 2 — Ishihara Chemical has applied for Taiwan patent for nickel colloidal catalyst solution for electroless nickel or nickel alloy plating, method for electroless nickel or nickel alloy plating and method for manufacturing nickel-plated or nickel alloy substrate. Tanaka Koji, Satoh Issei and Okuno Ryosuke developed it.
Unitika Ltd Submits Taiwan Patent Application for Nickel Nanowires and Method for Producing the Same (Taiwan Patent News)
Taipei, Nov. 2 — Unitika Ltd has submitted a patent application for nickel nanowires and method for producing the same. This invention was developed by Takeda Hirotaka and Yamada Chikako.
Taiwan Patent Office Receives Uemura Kogyo KK’s Patent Application for Electroless Nickel Plating Bath (Taiwan Patent News)
Taipei, Nov. 2 — Taiwan Patent Office has received Uemura Kogyo KK’s patent application for electroless nickel plating bath. Hashimoto Daisuke, Tanabe Katsuhisa, Nishimura Naoshi and Maruo Yoichi developed the invention.
Perennial Midus Alloy Files Chinese Patent Application for Detection Device Based on Bending Strength of Nickel-Titanium Alloy Wire (China Patent News)
Beijing, Nov. 1 — Perennial Midus Alloy has filed a patent application for detection device based on bending strength of nickel-titanium alloy wire. This invention was developed by Chen Ning.
Liaoning Engineering Technology Univ Submits Patent Application for Method for Preparing Nico Hydrotalcite/Foamed Nickel Composite Material by Taking Co-Mof as Sacrificial Template (China Patent News)
Beijing, Nov. 1 — Liaoning Engineering Technology Univ has submitted a patent application for method for preparing nico hydrotalcite/foamed nickel composite material by taking co-mof as sacrificial template. Wang Xiaoliang and Zhang Duo developed the invention.
Beijing, Nov. 1 — State Intellectual Property Office of China has received Shanxi Taiji Stainless Steel’s patent application for hot rolling method of high-chromium-nickel austenitic stainless steel wire rod. Tian Qi, Sun Mingshan, Wang Guiping and Wang Huimian developed the invention.
Beijing, Nov. 1 — Tianjin Cement Industry Design Res Institute Limited has submitted a patent application for low-nickel all-austenitic heat-resistant steel as well as preparation method and application thereof. This invention was developed by Liu Xu, Chen Xueyong, Xu Longxu, Wu Yongzhe and Shin Ji-Ho.
State Intellectual Property Office of China Publishes Xuncheng Jinaviation New Mat’s Patent Application for Vacuum Niobium-Nickel Alloy Preparation Reduction Furnace (China Patent News)
Beijing, Nov. 1 — State Intellectual Property Office of China has published Xuncheng Jinaviation New Mat’s patent application for vacuum niobium-nickel alloy preparation reduction furnace. The invention was developed by Yang Yefeng.
Shaoxing Engler New Mat Seeks Patent for Intelligent Temperature Detection Device for Metal Nickel Refining (China Patent News)
Beijing, Nov. 1 — Shaoxing Engler New Mat has sought patent for intelligent temperature detection device for metal nickel refining. This invention was developed by Ni Cuiqin, Xia Tian, Yu Bo and Jiang Yue.
Yangzhou Zhonghuang Science and Tech Development Limited Submits Patent Application for Lifting Device of Wafer Nickel Plating Basket (China Patent News)
Beijing, Nov. 1 — Yangzhou Zhonghuang Science and Tech Development Limited has submitted a patent application for lifting device of wafer nickel plating basket. Du Feng, Jia Jian and Chang Lin developed the invention.
Beijing, Nov. 1 — Jingui Energy Mat Limited, Hunan Changye Liaceae New Energy and Hunan Long Term Liaceae have submitted a patent application for basic nickel sulfate/nickel hydroxide composite precursor and preparation method thereof. Meng Lijun, Miao Xiaohuan, Zhang Haiyan, Hu Zhibing, Hou Xinyu, Liu Zhou and Zhang Pingting developed the invention.