The wild swings in the nickel price have pointed up the long road ahead for the London Metal Exchange in its efforts to regain the market’s confidence in using its global benchmark for trading the precious metal. The price of high purity nickel for delivery in three months under the LME contract fell 15 per … Read more
Nickel Digital Asset Management is not the only company feeling the effects of FTX’s collapse and bankruptcy. NFT protocol Metaplex also laid off, “several members of the Metaplex Studios team” due to the “indirect impact” from the collapse of crypto exchange FTX. The co-founder and CEO of Metaplex Studios Stephen Hess shared in a thread … Read more
RHJ/iStock via Getty Images Global demand for nickel will surge as much as fourfold over the next 30 years as electric vehicles almost entirely replace traditional cars, a BHP (NYSE:BHP) executive said at a conference in Sydney early Thursday. “We anticipate demand for nickel in the next 30 years will be 200% to 300% of … Read more
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Article content LONDON — The global metals sector needs viable spot trading to underpin burgeoning output of lower-content nickel products, but industry participation is key, said the head of German online platform Metalshub, which has linked up with the London Metal Exchange. The lack … Read more
RHJ/iStock via Getty Images Vale (NYSE:VALE) is reconsidering a near-term spinoff of its base metals business and an eventual public listing, ring-fencing the copper and nickel unit from the iron ore business, CEO Eduardo Bartolomeo said Friday. Rather than selling all or part of the base metals unit, the idea now is to eventually grow … Read more
BeyondImages/iStock via Getty Images Vale (NYSE:VALE) reported Monday its Q3 iron ore production rose more than expected while nickel output soared as refineries resumed operations. The miner’s production edged up 1.1% Y/Y but jumped 21% Q/Q to 89.7M metric tons and beat the 87.2M-ton average estimate among analysts tracked by Bloomberg. However, output of iron … Read more
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Gran Torino producer Double Nickel Entertainment is forging a limited TV series about the life of Vincent van Gogh’s sister-in-law Jo van Gogh-Bonger. The indie has picked up the scripted and doc rights to Jo van Gogh-Bonger: The Woman Who Made Vincent Famous and is co-operating with the Vincent van Gogh museum to tell van Gogh-Bonger’s … Read more
(Bloomberg) — Vale SA capped its best week since January last year amid a recovery in industrial metal prices and as investors welcomed the miner’s latest push to unlock value at its nickel and copper division. Most Read from Bloomberg Shares in the world’s No. 2 iron ore producer and major nickel supplier surged 11% … Read more
This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Location of the Somanike Project near the city of Val-d’Or, Quebec. GNW … Read more