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Nickel Laterites

Vale’s Strategic Alternatives for Nickel Assets in 2025 – by John Zadeh (Discovery Alert – April 30, 2025)

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Market Challenges and Future Outlook

Brazilian mining giant Vale S.A. faces critical decisions regarding its nickel operations amid a complex global market landscape dominated by oversupply pressures and shifting demand dynamics. The company’s strategic review of its nickel portfolio, initiated in early 2025, reflects both short-term operational challenges and long-term optimism about nickel’s role in the energy transition.

This report synthesizes Vale’s current challenges, strategic options, and the broader market forces shaping its decisions, with a focus on Indonesia’s disruptive production growth and the evolving electric vehicle (EV) sector.

What Challenges Is Vale Facing in the Nickel Market?

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Nickel production disruption in Indonesia raises supply concerns (Mining Technology – April 15, 2025)

https://www.mining-technology.com/

A landslide occurred in a tailings area associated with PT QMB New Energy Materials in Indonesia’s Morowali Industrial Park.

Indonesia’s Morowali Industrial Park, a nickel-producing hub on Sulawesi Island, is facing a production halt and intensified scrutiny over nickel extraction methods following a landslide last month, reported Bloomberg.

The incident has raised concerns about the safety of high-pressure acid leaching (HPAL) methods used in nickel extraction and the future of a critical supply source for the battery industry. While HPAL is cost-effective and less carbon-intensive, it produces nearly twice the tailings, requiring careful waste management to avoid production disruptions.

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Nickel, paradise and ‘emancipation’ – by Cooper Williams and Yasmine Wright Gittins (Australian Broadcasting Corporation – April 10, 2025)

https://www.abc.net.au/

A bet on nickel gave many New Caledonians hopes of prosperity and independence. But when the economy turned, it left behind a ghost town full of broken hearts.

It was a symbol of economic freedom — offering a chance at prosperity for communities who shared little in New Caledonia’s wealth. Standing tall by the turquoise waters of the French territory’s lagoons, the Koniambo nickel factory once hummed with activity, feeding the world’s insatiable demand for the lucrative metal.

Now, silence blankets its heavy machinery. The site sits abandoned, its overseas workforce long gone, and its local staff — mostly Indigenous Kanak people — out of jobs.

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Is Indonesia’s ‘Nickel Nationalism’ A Smart Strategy? – Analysis – by Dr. Sameer Kumar (Eurasia Review – April 4, 2025)

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Indonesia sits atop the world’s biggest nickel reserves – a metal essential for electric vehicle (EV) batteries and the renewable energy transition. In recent years, Jakarta has boldly wielded its resource might by banning exports of raw nickel ore to force global companies to invest in domestic processing.

This “nickel nationalism” has catapulted Indonesia into becoming a major player in the EV supply chain, attracting billions in foreign investment and fostering local industry. President Joko Widodo touts it as a smart strategy to move Indonesia up the value chain.

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Multiple Dams Fail at Indonesian Nickel-Mining Facilities – by Ellen Moore (Earthworks.org – March 28, 2025)

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Three people are feared dead and hundreds more are at risk of negative health impacts after multiple tailings dams, which store toxic mine waste, collapsed inside an industrial park in Indonesia. According to media and worker testimony, on March 16, the PT Huayue Nickel Cobalt tailings storage facility was breached, and liquified tailings flowed into the Bahadopi River.

The breach flooded facilities at the Indonesia Morowali Industrial Park (IMIP) and the village of Labota with a wave of red water, putting the health of workers and 341 families at risk through exposure to heavy metals.

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Indonesian watchdog demands prosecution for environmental crime ‘cartels’ – by Hans Nicholas Jong (Mongabay.com – March 14, 2025)

Mongabay – Conservation News

JAKARTA — Indonesia’s largest environmental group, Walhi, has filed a formal complaint with the Attorney General’s Office, accusing 47 companies of environmental destruction and corruption. The companies, which operate in industries like palm oil, mining and forestry, are accused of being responsible for 437 trillion rupiah ($26.5 billion) in state losses.

Based on field investigations and spatial analysis, Walhi says it has identified 18 forms of gratuities paid by the companies to officials in the 47 cases. In some of these cases, Walhi found that officials had approved the rescinding of forest status for certain areas by revising zoning plans, thereby allowing the companies to clear forests for their concessions.

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Nickel in 2040: A supply crisis in the making – by Nilanjan Banik (Time of India – March 21, 2025)

https://timesofindia.indiatimes.com/

Hazarding a guess on the future demand-supply situation, especially for the metal and mining sector, is an exercise fraught with dangers. A fast- changing world order, disruption in global supply chains, the crippling effect of climate change, untimely closure of mines, changed government regulations, wars, changing demand-supply equations can suddenly change the contours of the industry, and with it, the most detailed projections. Not to forget the serious impact of technology costs and innovations.

However, given its growing significance and importance of nickel in different applications like construction, petrochemicals, automobiles, fabrication and welding, transportation, electronics, water sector as well as in low- carbon technologies, it is important to assess its availability and affordability in the near and long-terms as the demand for the critical metal mounts.

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UK watchdog fines London Metal Exchange over handling of 2022 nickel crisis – by Polina Devitt, Eric Onstad (Reuters/MSM.com – March 20, 2025)

https://www.msn.com/

Britain’s financial regulator fined the London Metal Exchange on Thursday for allowing nickel prices to surge out of control three years ago in the first ever enforcement action against a UK exchange.

The Financial Conduct Authority imposed a penalty of 9.2 million pounds ($11.9 million) on the world’s oldest and largest market for industrial metals after an investigation found multiple failures to deal with severe market stress.

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Spotlight: Brazil’s US$4bn nickel potential (bnamericas.com – March 12, 2025)

https://www.bnamericas.com/en/

Brazil has huge potential to develop nickel projects and benefit from the energy transition, but it also must solve significant problems. National nickel reserves are estimated at 16Mt, putting Brazil in third place globally, after Indonesia (55Mt) and Australia (24Mt).

Output, however, is still modest, totaling 89,000t in 2023, for a global market share of 2.47%, which makes Brazil the ninth producer, according to US Geological Survey data. But Brazil is the only Latin American country which is a top 10 global nickel player.

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Nickel miners dig up Indonesia’s Gebe Island despite Indigenous and legal opposition – by Jaya Barends (Mongabay.com – March 11, 2025)

Mongabay – Conservation News

GEBE ISLAND, Indonesia — Abdul Manan Magtiblo watched the excavator dump a piece of Gebe Island into the back of a truck. Barely a thicket remained on the buzz-cut upland above Umera village as the vehicle drove off to the nearby port.

“That’s the PT Bartra Putra Mulia [BPM] nickel mine,” Manan, the village chief, told Mongabay Indonesia. Locals like Manan say life has become harder since 2020, when the company began operating here on Gebe, a remote island of fewer than 6,000 people in the Halmahera Sea, on Indonesia’s Pacific rim.

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Column: China’s grip on global nickel supply tightens with Anglo sale – by Andy Home (Reuters – February 24, 2025)

https://www.reuters.com/

Anglo American’s sale of its Brazilian nickel business to China’s MMG Ltd is a corporate win-win. Anglo gets to deliver on its promise to shareholders to simplify its portfolio and pockets up to $500 million.

MMG, which is already a major producer of copper, cobalt and zinc, gets to diversify into another metal and expand its geographic footprint into Brazil. It is also buying into the one part of the nickel market that is showing signs of price resilience amid a glut of over-supply.

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Top leadership changes in New Caledonia’s nickel stakeholder – by Patrick Decloitre (Radio New Zealand – February 20, 2025)

https://www.rnz.co.nz/international/

French mining giant Eramet has announced major changes in its leadership. The company is a major stakeholder in New Caledonia’s nickel industry, being the owner of Société Le Nickel (SLN), the French territory’s oldest nickel mine and smelter operator.

Eramet’s current chair/chief executive Christel Bories will relinquish her CEO position, only to retain her role as chair. The changes are expected to become effective at Eramet’s shareholder’s general meeting, scheduled on 27 May, Eramet said in a release. The new director general/CEO will be Paulo Castellari.

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China-Backed $3 Billion Indonesia Nickel Smelter Risks Shutdown – by Eddie Spence and Alfred Cang (Bloomberg News/Financial Post – February 20, 2025)

https://financialpost.com/

One of the biggest nickel smelters in Indonesia has slashed production and is close to shutting down completely, just months after the collapse of its Chinese parent company.

(Bloomberg) — One of the biggest nickel smelters in Indonesia has slashed production and is close to shutting down completely, just months after the collapse of its Chinese parent company.

PT Gunbuster Nickel Industry, which is affiliated with bankrupted stainless steel giant Jiangsu Delong Nickel Industry Co., is delaying payments to local energy suppliers and is unable to procure nickel ore, according to people familiar with the situation.

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Nickel Industries CEO Justin Werner warns of ‘challenging’ future for Australian mining – by Duncan Evans (News.com.au – February 9, 2025)

https://www.news.com.au/

The man behind a booming mining company in Indonesia has issued a stark warning about 10,000 Aussie jobs.

The shock collapse of Australia’s nickel mining sector has threatened 10,000 high-paying jobs as a leading ASX-listed nickel miner warns bluntly those jobs are probably never coming back. That’s the view of Nickel Industries managing director Justin Werner, who leads the rising $3.3bn company with vast mining and refining operations in Indonesia.

“It is certainly challenging (for Australia) in the foreseeable future,” he told NewsWire from his home in Bali in a wide-ranging interview this week. “Even if the nickel price goes up, it’s about having a sustained nickel price above $20,000 (per tonne).

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Philippine lawmakers to approve bill to ban ore exports – by Cliff Venzon and Neil Jerome Morales (Bloomberg News – February 6, 2025)

https://www.bloomberg.com/

The Philippine Congress could ratify a bill banning raw mineral exports as soon as June, the Senate leader said on Thursday, a plan that investors warn could lead to mine closures.

Congress is on a break after this week and sessions resume in June, but Senate President Francis Escudero hopes there would be a bicameral committee meeting with members from both the Senate and the House of Representatives to tackle the bill. “I’m hoping it will be done during the break so we can ratify it when sessions resume,” Escudero said in a briefing.

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