Nickel Miners News For The Month Of June 2021

Summary

  • Nickel spot prices were slightly higher in June, LME inventory was lower. 2021 IEA report forecast total demand increase for nickel from 2020 to 2040 of 7x to 19x.
  • Nickel market news - Volkswagen to get actively involved in the raw materials business. Tesla to buy >$1 billion of Australian battery minerals a year. USA wants a nickel refinery.
  • Nickel company news - Baowu and Vale to invest in Indonesian nickel project. Nornickel has resumed ore mining at Taimyrsky mine.
  • Poseidon Nickel - Golden Swan drills high grade nickel including 3.05 metres at 6.72% Ni, 3.8 metres at 5.56% Ni, and 7.0 metres at 3.92%. Talon Metals 60 intersects nickel-copper mineralization in more than 60 holes, all located outside of the resource area.
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Nickel Ni, chemical element. 3D rendering isolated on black background
Photo by AlexLMX/iStock via Getty Images

Welcome to the nickel miners news for June. The past month saw slightly higher nickel prices and more moves to secure nickel supply from Indonesia. Meanwhile, a 2021 IEA report forecasts a total demand increase for nickel

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Analyst’s Disclosure:I am/we are long BHP GROUP [ASX:BHP], VALE SA (VALE), NORILSK NICKEL [LSE:MNOD], ARDEA RESOURCES [ASX:ARL], AUSTRALIAN MINES [ASX:AUZ], POSEIDON NICKEL [ASX:POS], AMUR MINERALS [LN:AMC], JERVOIS MINING [TSXV:JRV], NEOMETALS [ASX:NMT]. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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