CA - Nickel Miners News For The Month Of April 2024
2024-05-02 09:32:20 ET
Summary
- Nickel spot prices were significantly higher the last month.
- Nickel market news - US & UK prohibit import of Russian-origin aluminum, copper, and nickel. The U.S. Loans Program Office has added supply/production of critical minerals to the list.
- Nickel company news - Ardea, Sumitomo Metal Mining (SMM) and Mitsubishi Corporation [MC] to form a JV to develop the Kalgoorlie Nickel Project (KNP) – Goongarrie Hub.
- Premium Nickel Resources drills 15.95 metres of 2.05% NiEq. Power Nickel drills 14.42 m of 0.59 g/t Au, 69.14 g/t Ag, 8.17% Cu, 6.25 g/t Pd, 8.44 g/t Pt and 0.58% Ni.
- TMC & SGS produce world-first nickel sulfate from deep-seafloor polymetallic nodules.
Welcome to the nickel miners news for April.
The past month saw nickel prices rise significantly, boosted by U.S. and UK sanctions on Russian metal and news out of China that more support is coming for their economy and ailing property sector.
Nickel price news
As of April 30, the nickel spot price was USD 8.67/lb , up significantly from USD 7.40/lb last month. LME shows the price at USD 18,960/tonne . Nickel inventory at the London Metals Exchange [LME] was slightly higher the past month at 78,594 tonnes (77,148 tonnes last month)....
Nickel Miners News For The Month Of April 2024