- Nickel spot prices were higher in July, LME inventory was lower.
- Nickel market news - LG Chem to invest $5B to produce EV battery materials. Refinitiv: The nickel market overall will be either side of balanced both this year & next.
- Nickel company news - Vale and Nornickel Q2 2021 nickel production was significantly down. BHP enters into a nickel supply agreement with Tesla.
- IGO Limited transformational lithium investment (IGO & Tianqi JV) and Tropicana sale completed. Panoramic Resources secures US$45M secured loan facility to fund the restart of the Savannah Nickel Project, underground mining commences.
- Canada Nickel - Crawford PEA results: After-tax NPV 8% US$1.2b, 16% IRR. Initial Phase 1 CapEx US$1.188b. Ardea Resources: Resource update increases the Goongarrie Hub high-grade inventory to 78mt @ 1.0% Ni.
For further details see:
Nickel Miners News For The Month Of July 2021