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Nickel

Mark Selby has CO2-eating rocks in Timmins – by Staff (Northern Ontario Business – July 20, 2022)

https://www.northernontariobusiness.com/

Canada Nickel provides proof that its Crawford Project can sequester carbon

Canada Nickel Company CEO Mark Selby often points out that the rocks of his ultramafic-hosted nickel deposits, north of Timmins, spontaneously soak up carbon dioxide (CO2) when exposed to air.

Now the Toronto-based junior mining company is providing the lab results to back up his claim. For a couple of years, Selby has been pitching its Crawford Project and the Timmins area as an up-and-coming district for the North American electric vehicle sector to source a domestic large-scale and low-carbon supply of nickel.

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New Indonesian nickel supply douses expectations for fresh price rally – by Pratima Desai (Financial Post/Reuters – July 21, 2022)

https://financialpost.com/

LONDON — Substantial new nickel supplies from top producer Indonesia in years ahead will ensure prices don’t return to levels that sparked chaotic trading in March, despite robust demand growth from stainless steel and electric vehicle battery makers.

However, prices now around $21,000 a tonne on the London Metal Exchange (LME), though down about 80% since hitting all-time highs in March, are still high enough to incentivise investment in new production capacity.

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Knotty nickel supply chain highly exposed to fresh shocks – by Frik Els (Mining.com – July 21, 2022)

https://www.mining.com/

The nickel market is hostage to two mercurial players: Russia’s Vladimir Potanin and China’s Xiang Guangda. Nicknamed the Nickel King and nickel’s Big Shot, both the bosses of Norilsk and Tsingshan have swayed the market for decades.

But now the pair’s impact on nickel trading is even more outsized, thanks to the war in Ukraine and the fallout of Xiang’s big short, which was built up on the belief his company can again transform the fundamentals of the nickel supply chain.

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PolyMet and Teck form JV to develop Minnesota mining projects – by Ernest Scheyder (Reuters – July 20, 2022)

https://www.reuters.com/

PolyMet Mining Corp (POM.TO) and Teck Resources Ltd (TECKb.TO) said on Wednesday they will form a joint venture to develop their Minnesota copper and nickel mining projects.

The new company, known as NewRange Copper Nickel LLC, will share costs to develop the two proposed mines, which aim to produce metals used to make electric vehicles and other green technologies.

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Sioux Narrows nickel deposit has mining potential – by Staff (Northern Ontario Business – July 18, 2022)

https://www.northernontariobusiness.com/

Tartisan Nickel wants to put former Falconbridge mine back into production

A former Falconbridge nickel deposit near Kenora looks to have the legs and the economics to be put back into production.

Tartisan Nickel released a preliminary economy assessment (PEA) of its Kenbridge Nickel Deposit last week. The PEA study projects a nine-year mine with production of 52.6 million pounds of nickel and 30.7 million of copper over that span.

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Rising EV demand puts America’s only nickel mine in the spotlight – by Garret Ellison (Michigan Live – July 16, 2022)

https://www.mlive.com/

ISHPEMING, MI — Right now, 3,200 feet below ground, explosives are blasting apart billion-year-old rock that, eventually, is going to wind up in an electric vehicle.

Broken into chunks, the rock, now called ore, takes a two-hour ride to the surface before getting trucked to a crushing mill, which separates the valuable minerals within through a flotation process that produces a clumpy gray filter cake. That concentrate is loaded onto trains and sent to Canada on its way to being smelted and refined into a sulphate used in lithium-ion batteries that power electric cars.

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Mining show effort paid off for Sudbury, says economic development dept – by Len Gillis (Northern Ontario Business – July 14, 2022)

https://www.northernontariobusiness.com/

One of the key events of the June convention was Sudbury Night at the Royal York Hotel Imperial Room

When it comes to promoting yourself at the world’s largest international mining exploration convention, it’s almost as if the City of Greater Sudbury has an unfair advantage over other mining municipalities in Canada.

Being a world-class mining centre, with a pool of mining experts, mining supply and technology companies, mining educators and raw mining production talent, Sudbury indeed has a lot going for it. It also helps that Sudbury is just a few hours’ drive, or a one-hour flight, from Canada’s largest city.

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Wallbridge sells nickel assets to focus on gold – by Tasneem Bulbulia (MiningWeekly.com – July 14, 2022)

https://www.miningweekly.com/

Dual-listed Wallbridge Mining has entered into a definitive agreement with CSE-listed Archer Exploration through which Archer will acquire all Wallbridge’s nickel property, assets, rights and obligations, including the Grasset property, to create a publicly-traded nickel exploration and development company.

Archer is backed by Inventa Capital, a Vancouver-based merchant bank founded in 2017 with the goal of discovering and funding opportunities in the resource sector. The nickel assets consist of 2 046 mining titles covering about 67 000 ha and include a 100% interest in the Grasset nickel sulphide project located in Quebec.

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Major project status: Ardea on the Kalgoorlie Nickel Project – by Jason Mitchell (Mining Technology – July 13, 2022)

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

Boasting around 830 million tonnes of nickel, the Kalgoorlie Nickel Project is one of the most exciting in Australia.

In March, the Australian Government awarded the Kalgoorlie Nickel Project (KNP), located in the Goldfields–Esperance region of Western Australia, ”major project status”, streamlining potential government approval for one of the country’s most exciting nickel projects.

The new status will make it easier for Ardea Resources, the Perth-based mining company behind the project, to get permits approved and to access additional sources of funding.

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EV Nickel rises on high grade drill results at Shaw Dome in Ontario – by Naimul Karim (Northern Miner – July 11, 2022)

https://www.northernminer.com/

Shares of EV Nickel (TSXV: EVNI) jumped more than 50% in morning trading as the company’s latest drill results from its Shaw Dome project in Timmins, Ont., intersected high-grade nickel sulphide.

Highlights from the drill results included 14.30 metres grading 1.50% nickel starting from 311.8 metres in drillhole EV22-12, including 5.40 metres grading 2.96% nickel; and 5.50 metres grading 1.33% nickel starting from 373.50 metres in drillhole EV22-13.

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Russia-Ukraine conflict creates uncertainty for high-grade nickel supply – by Darren Parker (MiningWeekly.com – July 11, 2022)

https://www.miningweekly.com/

The Russia-Ukraine conflict has created uncertainty over global supply of mined nickel – particularly high-grade nickel, which is used as battery-grade nickel in the electric vehicle (EV) industry – market research firm Fitch Solutions Country Risk and Industry Research (Fitch Solutions) said in its ‘Global Nickel Outlook’ report on July 8.

To illustrate the impact, last year, Russian mining company Norilsk Nickel alone provided about 17% of the global supply of class one nickel. In total, Russia accounts for about 21% of global class one nickel production, followed by Canada at 17%, Australia at 14% and China 10%.

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Tycoon whose bet broke the nickel market walks away a billionaire – by Alfred Cang, Jack Farchy and Mark Burton (Bloomberg News – July 6, 2022)

https://www.bnnbloomberg.ca/

(Bloomberg) — By 2:08 p.m. Shanghai time on March 8, it was clear that Xiang Guangda’s giant bet on a fall in nickel prices was going spectacularly wrong. Futures had just skyrocketed above $100,000 a ton and his trade was more than $10 billion underwater.

It was threatening not only to bankrupt Xiang’s company, but to trigger a Lehman Brothers-like shock through the entire metals industry and possibly topple the London Metal Exchange itself.

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Automakers ramping up investments into upstream nickel, cobalt – by Darren Parker (MiningWeekly.com – July 6, 2022)

https://www.miningweekly.com/

Market research firm Fitch Solutions Country Risk and Industry Research (Fitch Solutions) says automakers are increasing their upstream investments and supply contracts to secure enough battery metals, such as lithium, cobalt and battery-grade nickel, to drive forward their respective electric vehicle (EV) policies and to meet the decarbonisation targets set by governments globally.

Since the start of 2021, 21 such investments have been made – 16 of which were investments into lithium. These investments were made by automakers BMW, General Motors (GM), Tesla, Stellantis, Renault, Volkswagen (VW), Toyota, BYD and Ford.

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Canada Nickel doubles resource at Crawford project in Ontario – by Naimul Karim (Northern Miner – July 6, 2022)

https://www.northernminer.com/

Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) believes that its Crawford project in northern Ontario contains the fifth largest nickel sulphide resource globally, after a new estimate released by the company on July 6 more than doubled the project’s measured and indicated resource estimate.

Its latest measured and indicated resources now total 1.4 billion tonnes grading 0.24% nickel and 6.59% iron for 3.48 million tonnes of contained nickel and 93.9 million tonnes of iron. Inferred resources add 670.1 million tonnes grading 0.23% nickel and 6.85% iron for 1.55 million tonnes of nickel and 45.9 million tonnes of iron.

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LME nickel chaos chills metals trading activity – by Andy Home (Financial Post/Reuters – July 7, 2022)

https://financialpost.com/

LONDON — The London Metal Exchange’s (LME) suspension of its nickel contract in March has led to a sharp drop in metals trading activity. Total LME volumes slumped by 21% over the second quarter relative to the first three months of 2022.

Nickel was unsurprisingly the biggest casualty with the Shanghai Futures Exchange (ShFE) nickel contract also going into deep freeze. But the chill effect has spread through all the LME’s core base metals products in the last three months, suggesting an exit by institutional players unhappy with the exchange’s cancellation of nickel trades, a decision that is now being challenged.

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