- Nickel spot prices were higher in May and the LME inventory was lower.
- Nickel market news - China's Lygend starts milestone nickel project in Indonesia. China domestic market participants still expect nickel prices to resume in the long run following their near-term correction.
- Nickel company news - Nornickel approves a buyback of its shares of ~USD 2 bn. BHP, RIO, Vale starts global competition to electrify mine truck fleets.
- Panoramic Resources Savannah Nickel Operation restart receives Board approval. Poseidon Nickel first production from Golden Swan anticipated in 2022. Sama Resources intersects 9.30 metres at 2.68% nickel and 1.47% copper at Samapleu. Canada Nickel releases very strong PEA.
For further details see:
Nickel Miners News For The Month Of May 2021