Nickel Miners News For The Month Of October 2021

Summary

  • Nickel spot prices were higher in October, LME inventory was lower.
  • Nickel market news - Will the nickel price surge past $20,000/t?
  • Nickel company news - Vale Q3 production down, Nornickel up. BHP delivers first nickel sulphate crystals from Kwinana nickel sulphate plant. BHP to supply nickel to Toyota-Panasonic battery venture.
  • Panoramic Resources first Ni-Cu-Co concentrate produced at Savannah. Nickel 28 - COVID-hit Ramu nickel-cobalt mine suspended. Horizonte Minerals secures credit approval for USD 346.2 million senior debt facility for the development of the Araguaia Nickel Project in Brazil.
  • Poseidon Nickel MOU signed with PBT to investigate battery materials (precursor Cathode Active Material) refinery in WA. Pallinghurst Group to acquire a 19.2% interest in Talon Metals Corp.
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Nickel Ni, chemical element. 3D rendering isolated on black background
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Welcome to the nickel miners news for October. The past month saw some news of nickel supply disruptions (Vale's Onça Puma mine was suspended then re-opened, Nickel 28's Ramu nickel-cobalt mine was suspended), and plenty of good progress by both the nickel producers and

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of BHP GROUP [ASX:BHP], VALE SA (VALE), NORILSK NICKEL [LSE:MNOD], ARDEA RESOURCES [ASX:ARL], AMUR MINERALS [LN:AMC], JERVOIS MINING [TSXV:JRV], NEOMETALS [ASX:NMT], WIDGIE NICKEL [ASX:WIN] either through stock ownership, options, or other derivatives. 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.

The information in this article is general in nature and should not be relied upon as personal financial advice.

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