nickel

Australian critical minerals miners have caught the attention of Korean battery manufacturers as the east Asian powerhouse looks to diversify its supply chain.

IGO and Barminco have completed a trial of Normet’s SmartDrive Charmec battery electric vehicle at the Nova nickel-copper-cobalt mine in Western Australia.

IGO has boosted its interest in the Fraser Range nickel-copper joint venture (JV) with Carawine Resources in Western Australia to 70 per cent after spending $5 million on exploration.

The Resources and Energy Quarterly for the June quarter forecasts that export earnings for the 2020-21 financial year will reach a record $310 billion, with the highest-ever shipments of iron ore and a coal bounce-back expected.

St George Mining has established a high-grade nickel-copper sulphide discovery at the Mt Alexander project in Western Australia after receiving assay results.

Queensland Pacific Metals has signed a seven-year offtake agreement with LG Energy Solutions and POSCO for nickel and cobalt from the Townsville Energy Chemicals Hub project.

Metals X has signed an agreement to sell its nickel assets to NICO Resources, including the Wingellina nickel-cobalt project in Western Australia and the Claude Hills project in South Australia.

First Quantum Minerals has sold a 30 per cent share of the Ravensthorpe nickel operation in Western Australia to South Korean steel-making company POSCO for $US240 million ($310 million).

The global mining industry must move away from legacy systems and processes if it is to meet the challenge of decarbonisation, according to a report commissioned by Weir Group.

A report from the International Energy Agency (IEA) has found global needs for critical minerals could increase by up to six times by 2040.

Australian Mines has continued to seek offtake partners for the Sconi nickel-cobalt project in Queensland.

St George Mining has uncovered additional massive nickel-copper sulphide targets at the Mt Alexander project in Western Australia.

Western Areas has picked up its performance at the Forrestania operation in Western Australia due to higher grade nickel mining.

St George Mining has discovered new high-grade nickel-copper sulphides at its Mt Alexander project in Western Australia.

BHP president of minerals for the Americas Ragnar Udd has expressed his optimism for the growing copper demand in the future during the CRU World Copper Conference in Chile.

First Quantum Minerals has partnered with Dreadnought Resources to develop the Mangaroon gold and base metals project in the Gascoyne region of Western Australia.

Shares in Auroch Minerals have soared roughly 300 per cent in the last six months, but there could be more upside to come.

IGO has reported a 9 per cent increase to its mineral resource estimate (MRE) for its share in the Tropicana joint venture project in Western Australia due to increased gold prices last year.

Western Areas plans to raise $100 million for development of the Odysseus nickel mine, as well as for further growth at fellow Western Australia-based projects, Forrestania and Cosmos.

Nickel prices on the London Metal Exchange (LME) have declined by more than 8 per cent this week after shortage concerns calmed following a supply deal involving China’s Tsingshan Holding Group.