Russia’s Nornickel, the world’s largest producer of palladium and a major producer of refined nickel, said on Tuesday it sees the global nickel market maintaining a surplus of 150,000 metric tons in 2024-2025.
Brazilian Nickel announced on Monday that it has received a letter of interest (LOI) from the US International Development Finance Corporation (DFC) for a $550 million loan for its Piauí nickel project in Brazil.
According to the statistics, the production of refined nickel in China in November 2024 was 33,510 tons, an increase of 8.62% from the previous month and 48.64% from the same period last year.
Vale Base Metals, a unit of Vale SA (NYSE: VALE), announced on Tuesday that it has completed the construction and commissioning of its C$4.13 billion ($2.94 billion) Voisey’s Bay nickel-copper underground mine in northern Labrador.