Australia’s IGO Ltd said on Tuesday it would record a non-cash impairment charge against its nickel exploration assets for fiscal 2024, though the move will not impact the company’s operating profit for the year.

Russian metals producer Nornickel will re-launch one of the two furnaces at its flagship Nadezhda Smelter in early August after major repairs that affected production plans, a company spokesman told Reuters on Friday.

BHP on Thursday announced the suspension of production at its Western Australian nickel operations, citing a global oversupply in the nickel market.

PT Kalimantan Ferro Industry(KFI) plans to build 18 line smelter nickel using rotary kiln electric furnace (RKEF).

Canada Nickel (TSXV: CNC) has announced an initiative to consolidate and propel its exploration properties located northeast of Timmins, Ontario, with the creation of a new subsidiary.

US critical minerals developer Talon Metals (TSX: TLO) has announced the sale of a net smelter return royalty to a subsidiary of Triple Flag Precious Metals (TSX: TFPM; NYSE: TFPM) for consideration of $8 million.

French miner Eramet SA is exploring a partnership with Zhejiang Huayou Cobalt Co. to produce battery-grade nickel in Indonesia after a similar project with a European partner fell through last month.

Futures and options average daily volumes on the London Metal Exchange (LME) hit a 10-year peak in the second quarter, jumping 27% year on year, the exchange said on Thursday.