Australian Vanadium to become leading player Down Under amid surging demand

Global nickel production will outpace demand to the tune of 239,000 metric tons next year, according to the International Nickel Study Group (INSG).

Shareholders of Merafe Resources are advised that the European benchmark ferrochrome price for the fourth quarter of 2023 has been settled at 153 US cents per pound, an increase of 1.32% from the third quarter of 2023.

Port Hedland shipped 47.8mn t in August, up from 43.74mn t in July and 45.8mn t in August 2022, according to Pilbara Ports Authority data.

The company and Indonesian energy and mineral resources ministry could not be reached for comment.

Vale is a major global producer of iron ore, copper and nickel.

Integrated steelmaker Cliffs and electric arc furnace (EAF) competitor Nucor were both said to be offering at $750/st.

The company and Indonesian energy and mineral resources ministry could not be reached for comment.