- Nickel spot prices were slightly higher in November, and the LME inventory was slightly higher than last month.
- Nickel market news - Wood Mackenzie forecasts nickel demand to increase by 2/3rds by 2040. New US trade group ZETA calls for emissions caps, total EV adoption by 2030.
- Nickel company news - Western Areas Maiden AM6 Probable Ore Reserve of 2.1Mt at 2.2% Ni (total of 47,100 Ni t). IGO Limited has a strong Q3, now debt free.
- Poseidon Nickel hits exceptional result of 9.0m (4.5m true width) @ 10.46% Ni on basal contact at Golden Swan. Giga Metals PEA results in marginal economics at current nickel prices.
For further details see:
Nickel Monthly News For The Month Of November 2020