Indonesia halts deep-sea mining disposal of nickel for environment concerns

Smelters.jpg

Indonesia will no longer permit mining waste to be disposed in the ocean to allay concerns about the environmental impact of processing nickel used in electric vehicle (EV) batteries, a government official and a corporate mining source said. The Southeast Asian nation, the world’s biggest nickel producer, has not officially banned so-called deep sea tailings […]

Read more

Greater govt involvement, sustainability in mining sector expected in 2021: Fitch Solutions

On-6-May-2016-Rio-Tinto-approved-the-development-of-Oyu-Tolgoi-underground-mine..jpg

As mineral and metal prices, production and consumption improve this year amid a broader and deeper economic recovery from the pandemic, the outlook for miners and metal players is positive, says research agency Fitch Solutions. It notes that this year will see a mix of traditional trends playing out and the acceleration of some relatively […]

Read more

Seafloor deposits of minerals could soon become commercially available: WEF

Seafloor deposits of cobalt, nickel, lithium and other minerals could become a novel source of minerals for the global markets. According to a paper published by the World Economic Forum (WEF), resource exploitation industries need new frameworks for governance and these frameworks are taking shape for deep-sea minerals. In 2021, in fact, the International Seabed […]

Read more

Weakening dollar props up base metals rally

copper.jpg

The stimulus packages being announced across the globe amid the Covid-19 pandemic, are benefitting base metals Copper, zinc and nickel have been rallying for the last 8 months as a broad-based weakening of the dollar made commodities cheaper for holders of other currencies. Besides, supply constraints from the pandemic-hit Latin American nations provided support to the metals, said brokerages. […]

Read more

Surge in China’s stainless steel output revives nickel market, but surplus a cause for worry

Steel-3-COld-rolled-Steel-Labelling-cold-rolled-thin-sheetscoils.-.jpg

Rapidly rising stainless steel production in top consumer China has helped to preserve demand and prices of key ingredient nickel, but analysts still expect a supply overhang of the metal valued for its anti-corrosive properties. Benchmark nickel prices on the London Metal Exchange (LME) are near their highest in more than seven months at around […]

Read more