Weekly Nickel News

Top Stories : December 26 to January 3
Vendor/ Supplier Related
As the supply of Class II nickelcontaining less than 99.8% nickel continues to grow at a rapid pace, particularly in the battery sector where intermediates like mixed hydroxide precipitate, or MHP and nickel matte are gaining dominance, consumers are increasingly resistant toward paying higher prices

Global Battery Metals Ltd., an international critical mineral exploration and development company focussed on growth-oriented lithium and other battery metal projects supporting the global transition to clean energy, announced today that the Company will discontinue nickel-copper exploration activities at Sawyer Camp.

Canada Nickel is continuing its aggressive acquisitions of nickel properties in the Timmins area. On Dec. 19, the company announced it has purchased the Texmont property, located between the company’s Deloro and Sothman properties, 36 kilometres south of Timmins.

News Stories
Environment/ Climate
The plunging value of Tesla shares this year, exacerbated by CEO Elon Musk’s ill-starred acquisition of Twitter and clear evidence the mercurial billionaire’s erratic behavior is finally and perhaps significantly damaging the brand, obscures a fundamental shift in focus for the electric vehicle maker that started much earlier.

Emissions from Nornickel’s mining and metallurgical plants in the Murmansk Region dropped by ten times over recent decade after the company closed down a few enterprises, press service of the biodiversity expedition, organized by the Russian Academy of Sciences’ Siberian Branch, told TASS.

Home to the world’s third-largest expanse of tropical forest, the world’s fourth-biggest population, and frequently ranked among the world’s top 10 greenhouse gas emitters, Indonesia is a country where what happens has a vast effect on global biodiversity and environmental health.

The global trade war will shift from fossil fuels to metals and raw materials. Russia’s invasion of Ukraine highlighted the risk of relying on autocratic states for energy. Even if Europe’s gas crisis eases, Western manufacturers focus will switch to reducing China’s dominance in materials key to a cleaner economy.

Increasing demand for minerals used in electric vehicle (EV) batteries, such as lithium, nickel and cobalt, is pushing up prices and threatens to disrupt production. The warning from industry analysts comes as lithium prices have risen tenfold to $75,000 (£61,000) a tonne since the start of 2021.

Dreadnought Resources (ASX: DRE) has released an initial inferred resource of 14.36 million tonnes at 1.13% total rare earth oxides (TREO) for a 3 kilometre section of the 30km-long Yin rare earth elements ironstone complex at its wholly-owned Mangaroon project in Western Australia.

An online game is raising awareness about the creatures of the deep sea and how global biodiversity will suffer if companies are allowed to mine minerals and resources from the deep sea. The game can be played on the Deep Sea Conservation Coalition (DSCC) website. DSCC is an NGO that campaigns to protect ocean life.

The global trade war will shift from fossil fuels to metals and raw materials. Russia’s invasion of Ukraine highlighted the risk of relying on autocratic states for energy. Even if Europe’s gas crisis eases, Western manufacturers focus will switch to reducing China’s dominance in materials key to a cleaner economy.

Barrick Gold Corp., the world’s largest producer of the precious metal, sees Indonesia as a possible site for exploration as it hunts for gold and copper deposits across South Asia. The company’s Asia-Pacific exploration team is searching for deposits along a vast mineral belt that stretches from Pakistan to Papua New Guinea

When it comes to the battery metals it is obvious which commodity has been the standout lithium. Investors have tried to look for complementary metals to play on this very exciting trend, but it hasn’t been easy, So says. For instance, there have been problems for commodities such as nickel and copper both

PolyMet Mining Corp. (NYSE American: PLM) announced the filing of an updated technical report on the NorthMet Project. The company said the report reaffirms the economic and technical viability of the NorthMet copper-nickel-precious metals project located near Hoyt Lakes.

Copper slides as focus shifts to poor demand prospects

Magnetic Resources will spin out its non-gold projects mostly nickel and rare earths tenements around the Julimar area of WA into a new IPO called Aureole Resources. It allows MAU to wholly focus on its advanced, 511,000oz-and-growing Laverton gold assets, while simultaneously providing investors increased exposure to the MAU’s earlier-stage nickel

The Algoma district is copper country (Northern Ontario Business)
The Algoma district, north and east of Sault Ste. Marie, is an often overlooked area when it comes to mineral exploration. But that doesn’t mean its geology and potential isn’t any less prospective than other areas of Northern Ontario.

The iron-based meteorite said to be 4.5 billion years old was found near the Somalian town of El Ali by prospectors of a small mining company.

A controversial mining operation is expected to resume work under fresh management. Zero Carbon Investek (ZCI) recently offered between $1 billion and $2B for the Yabulu Nickel Refinery, 25km north of Townsville.

Electra Battery Materials has started up its $3-million Temiskaming demonstration recycling plant to recover metals from black mass material, coveted by the North American electric vehicle sector. The proprietary hydrometallugical process that the Toronto company has been working on for years has finally been activated, according to a Dec. 22 news release.

First Quantum Minerals Ltd. (FM-TSX) said its Cobre Panama copper mine in Panama is running as normal. The company also said it has resumed talks with the Government of Panama in a bid to resolve a dispute of the huge mining operation, which is operated by First Quantum subsidiary Minera Panama S.A. (MPSA).

There’s going to be some serious digging in Newfoundland and Labrador in 2023 and beyond, if 2022 was any indication. According to the provincial government, the mineral industry continues to be a key economic driver and attraction for outside investment.

As the global energy and climate crises balloon, one remedy may lie in something as small as a beaker the place where Lucas Bertucci got his start in sustainability research.

Surge Battery Metals Inc. [NILI-TSXV; NILIF-OTC; DJ5C-FSE] reported geological information from the logging of drill holes NN2207 and NN2008 while the company awaits final assays from drilling at the 100%-owned Nevada North Lithium Project in Elko County, Nevada.

Africa’s Growing Graphite Mining Potential (S&P Global Market Intelligence)
Cathode building metals (Cobalt, Lithium & Nickel) have been the priority for car manufactures in 2022 as all three markets struggle with supply challenges. Cathode chemistry utilized in long range EVs have seen a shift to higher nickel composition cathodes

China’s Tsingshan looks to strengthen presence in Argentine lithium industry

Industrial metals markets hoping for improving demand and a price rally may have to wait a few more months with the headwinds of slow growth likely to dominate the economic landscape for some time.

Nornickel will preserve all existing modernization programs in 2023, company president Vladimir Potanin said in a congratulatory message to employees posted on the company’s Telegram channel. “We will retain all existing programs to modernize production, develop territories, and support people,” he said.

“We were doing sustainable development long before Wall Street discovered ESG,” mining legend Mitch Hooke says. The veteran of political and industry battlegrounds starred at a recent mining conference where executives debated what other letter should go into the “E” for environmental, “S” for social and “G” for governance equation.

This past summer, Power Metals Corp. PWM-X -3.12%decrease chief executive officer Johnathan More fielded questions from the federal government about the roughly 5-per-cent equity position Chinese state-owned Sinomine Rare Metals Resources Co. held in his tiny exploration company. What struck him was how naive some of the queries were.

Saudi Arabia can play a global role in providing the strategic minerals necessary for the transition to renewable energy, and achieving the goals of net zero emissions, said a report by the Payne Institute for Public Policy, affiliated with the Colorado School of Mines.

BNC spends US$3,5m on new equipment

oreign direct investment (FDI) flows into Africa are expected to pick up in 2023 with mining and gas projects leading the way following a lacklustre investment climate during 2022. In 2021, the continent saw FDI rebound strongly after the sharp decline in 2020 prompted by the Covid-19 pandemic FDI to African countries

TSINGSHAN Holdings Group Limited, the Chinese firm building a giant steelworks plant in Mvuma, is set to consolidate its investments in Zimbabwe after announcing plans to establish a large lithium concentrate plant in the country.

Research & Development
The diverse and inclusive global mining company headquartered in New York City, and focused on exploration and development projects in Sierra Leone, is currently raising capital to scale its Sierra Leone-based gold projects to production over an 18-month period and to acquire strategic West African critical metal projects.

How many rechargeable lithium-ion batteries are you wearing How many are in your general vicinity Flash-recycled anode particles as seen under through a scanning electron microscope. The particles are recovered from lithium-ion batteries and treated through Rice’s flash Joule heating process.

THE government has with immediate effect temporarily stopped the granting of mining concessions for diamond, copper, lithium, nickel and…

The Government has, with immediate, effect suspended processing applications for new mining titles seeking rights to extraction of five strategic minerals citing overwhelming increase in demand for the mining claims. The five strategic minerals are diamonds, copper, lithium, nickel and rare earth.

It’s not been too long since the EU, the European Union gave a green signal to mandate all makers let it be from camera accessories to smartphones and also other gadgets to make the Type-C port the universal port for all products and gadgets which will be launched by 2024 December.

THE Department of Trade and Industry (DTI) aims to enhance the country’s bilateral trade with China. President Ferdinand “Bongbong” Marcos Jr.’s state visit to China early next year is a recognition that it is an important trading and investment partner of the Philippines, Trade Secretary Alfredo Pascual said in a statement.

The Philippines says President Ferdinand Marcos Jr. hopes to sign a number of agreements during a visit to Beijing next week that comes amid ongoing territorial disputes in the South China Sea. A statement from the Philippines Department of Foreign Affairs on Thursday said a number of projects were under discussion, including in agriculture

The Biden Administration has set a goal for EVs to comprise 50% of all new passenger vehicle sales by 2030, which is a significant increase. However, transportation experts believe this is achievable so long as the industry readily addresses its supply chain and infrastructure challenges.

UK Court Dismisses Case Seeking LME Disclosures on Cancelled Nickel Trades

Investor Relations
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Pacific Nickel Mines Limited’s (ASX:PNM) case, it’s fantastic news for shareholders. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing

Listed Global Ferronickel Holdings Inc. (FNI) will concentrate its mining portfolio in its subsidiary Platinum Group Metals Corp. In a disclosure to the Philippine Stock Exchange yesterday, FNI said its board approved the termination of its memorandum of agreement dated Nov. 27, 2014 and contract to sell dated Aug. 6, 2015 with Giantlead Prestige Inc.

Its been a mixed year for the commodities market with fast-changing geopolitical situations like the Russia-Ukraine war and the COVID-19 cases rising and the subsequent lockdowns in China. Supply has been impacted across the board and the deep fluctuations in energy and metal prices reflect that as the world tried to come out of the pandemic at large.

Nickel has had a tumultuous year. In the view of economists at ING, the short-term outlook remains bearish amid a deteriorating macro picture and sustained market surplus. Nickel surplus to build We forecast Nickel prices to remain under pressure in the short term as a surplus in the market builds

Quebec Nickel Corp (CSE:QNI, OTCQB:QNICF) said it has completed the closing of the second and final tranche of its brokered private placement for aggregate gross proceeds of $3,063,280. The total proceeds raised from both the first and second tranche of the previously announced private placement is $8,695,288.08.

UK investors will benefit from the ongoing transformation of the local mining industry in 2023 but tuck some gold away too. We’ve known that for some time now, and 2023 is only going to drive the message home further.

Trading volumes in the global benchmark nickel contract on the London Metal Exchange (LME) have collapsed amid reduced trading hours, prices have swung wildly and decoupled from the physical market, and the declining share of LME-deliverable nickel in world supply

The consumer durable and electronics industry is betting on premium, feature-led products to drive double-digit growth in 2023. Brands are expecting most growth to come from tier-II and beyond towns with consumers looking at smart, connected, comfortable and convenient appliances

Anacostia Riverkeeper is a nonprofit organization dedicated to protecting the Anacostia River for all who live, work, and play in its watershed. Established in 2008, Anacostia Riverkeeper has been a trusted name in Washington DC and Maryland metropolitan communities for over ten years.

The Li-ion market is expected to grow to over $430 billion by 2033, driven by demand for electric vehicles, a recent report by IDTechEx predicts. According to the market analyst, electric vehicles remain the key driver behind the Li-ion market, and electric cars will be the largest market for Li-ion batteries over the next 10 years.

Exports/ Imports
Russia will redirect its metal exports from Western countries to alternative markets due to sanctions imposed by the EU and US, Trade Minister Denis Manturov said, RT reported. Moscow named China, Turkiye, southeast Asia, member states of the Russia-led Eurasian Economic Union and CIS countries as priority areas for diversifying metal supplies.

The year ahead brings more milestones and complexity for critical minerals in an industrial era of de-carbonisation and electrification. Glencore and BHP are fast-tracking coal mine closures and Senex has paused its gas expansion, but future wealth is tipped in energy transition materials as major economies slowly wean themselves off fossil fuels.

Dominican Rep’s gold exports drop nearly 20% in Jan-Nov

Fund Raising/Grants
Hedge funds have been dealt a blow in their battle against the London Metal Exchange (LME). A group of investors led by AQR Capital Management were demanding phone call transcripts and meeting notes about the exchange’s decision to cancel lucrative nickel trades this year.

2022 was a volatile year for nickel prices. The nickel prices hit a record high in early March, and fell back in the second quarter of the year. The influence of the Covid-19 pandemic combined with the macroeconomic factors sent nickel prices to return to fundamentals.

Nickel prices rose on Thursday as the dollar lost ground against most major rivals ahead of estimates for higher demand on commodities and minerals. Covid 19 infections continue to spread in a number of Chinese cities, hinting at a new potentially destructive wave that could harm the economy once more.

Vendor/ Supplier Related
The pandemic exposed issues with the global supply chain that provides resources for power generation. The pressure of having enough equipment to meet industry needs has spurred an emphasis on domestic manufacturing in the U.S. and elsewhere.

Last year, Stockhead brought you the game Monster or Mouse, where we demonstrated for readers how one can become the other. The juxtaposition between the creatures is not an obsession of ours alone.

We present the winner of the 2022 Northern Miner Scholarship, part of the Young Mining Professionals Scholarship Fund. Entrants were asked to write an essay outlining the mining industry’s biggest challenges over the next 10 years. For a list of all the 2022 YMP Scholarship winners, visit www.ympscholarships.com/2022-winners.

Aformer stockbroker with links to Andrew Forrest, and a former president of CPA Australia are among the mystery syndicate behind the $1.5 billion deal to acquire Clive Palmer’s mothballed Queensland Nickel refinery.

According to Statistics Canada (StatCan), Canada’s mining, quarrying and oil and gas extraction sector contracted 1.6% in October. StatCan said that the domestic oil and gas extraction contracted 2.0% in October, led by a decrease in oil sands extraction.

The final reading of PMI for nickel wire and nickel mesh industry was 49.86, stayed in the contraction range. In December, the PMI for nickel wire and nickel mesh industry did not improve significantly. According to SMM research, the new orders of nickel wire and nickel mesh declined significantly compared with previous years

Business Expansion
Mining sector in Bahia state expands 15%