Nickel for delivery in three months on the London Metal Exchange rose $134 to $16,279 a metric ton at 3:33 p.m. in Hong Kong. Goldman Sachs Group Inc. raised its 2016 price forecast for the metal to $20,000 a ton from $18,000, the bank said in a report yesterday.
Read more at: http://www.bloomberg.com/news/2014-11-20/nickel-trades-near-month-high-before-china-europe-factory-data.html
Nickel rose after Indonesia said a ban on exports of unprocessed ores remains in place, reinforcing concern demand is set to exceed supply.
Indonesia, the largest producer of mined nickel ore, will maintain the ban, Bambang Adi Winarso, senior adviser to the coordinating minister for economic affairs, said today. Citigroup Inc. analysts yesterday forecast a global nickel deficit of 62,400 metric tons in 2015, expanding to 103,600 tons the following year.
“Inventories of nickel in all its various forms have fallen in China, with supply now falling as well in the form of a seasonal decline in Filipino exports,” the bank said in an e-mailed report. “Optimism remains strong toward nickel prices for 2015.”
Read more at: http://www.bloomberg.com/news/2014-11-19/nickel-advances-as-indonesia-adheres-to-ban-on-exports-of-ore.html
Jubilee gains full control of Pollux, starts trial processing of platinum-containing material.
MELBOURNE, Nov 18 (Reuters) – United Company Rusal Plc’s billionaire company founder Oleg Deripaska will take on a new role as president of the Russian aluminium giant, with his right hand man promoted to the job of chief executive.
Read more at: http://www.reuters.com/article/2014/11/18/united-co-rusal-moves-idUSL3N0T81MP20141118
Jennifer Maki has been appointed executive director of Vale’s Base Metals division after its previous executive director, Peter Poppinga, was named executive director of Ferrous Minerals for the company.
Read more at: http://www.thesudburystar.com/2014/11/18/vale-has-new-base-metals-boss
Tokyo, Nov 18, 2014 – (ACN Newswire) – Tanaka Holdings Co., Ltd. announced today that Tanaka Kikinzoku Kogyo K.K., which operates the Tanaka Precious Metals Group’s manufacturing business had become the world’s first company to succeed in the development and formation of platinum-based metallic glass powder supporting selective laser sintering 3D printers. The company also succeeded in developing platinum group metallic powder using nickel-based alloys with platinum and iridium additives, and manufacturing objects using them. Tanaka Kikinzoku Kogyo will have an exhibit at POWTEX TOKYO 2014, an exhibition to be held at Tokyo Big Sight from November 26 (Wed) until November 28 (Fri), 2014, and after showcasing these platinum group powder materials for the first time, sample delivery will commence December 1, 2014.
New Delhi, November 17:
The Mines Ministry, in the Bill to amend the Mines and Minerals (Development and Regulation) Act, has proposed competitive bidding mechanism for allocation of mines for all minerals .
According to the draft of the Mines and Minerals (Development and Regulation) (Amendment) Bill, 2014, for bulk minerals such as iron ore, limestone, manganese, bauxite and others, there will be no requirement for a prospective licence and any gaps in the knowledge relating to such minerals will be filled by the State Government agencies. Such minerals, which will be notified at a later date, account for nearly 85 per cent of the country’s total mineral production.
Read more at: http://www.thehindubusinessline.com/economy/govt-plans-to-issue-mineral-mining-licences-via-auctions/article6608637.ece
JOHANNESBURG (miningweekly.com) – French President François Hollande on Monday officially opened the new $7-billion Koniambo Nickel project in New Caledonia, a territory of France that is located 1 210 km east of Australia, in the south-west Pacific Ocean.
The joint venture (JV) between the London, Hong Kong- and now also Johannesburg-listed Glencore and Société Minière du Sud Pacifique (SMSP) saw Glencore CEO Ivan Glasenberg, SMSP president André Dang and Koniambo Nickel president Peter Hancock join President Hollande at the launch.
Read more at: http://www.miningweekly.com/article/glencore-french-open-7bn-nickel-mine-in-new-caledonia-2014-11-17
Tariffs will be removed from aluminium oxide, nickel, titanium, copper, uranium and zinc, either in the short term or phased out over a few years
Tariffs on coal that shook the industry when they were introduced almost overnight by China last month will also be removed or phased out.
Read more at: http://www.abc.net.au/news/2014-11-17/chinese-fta-a-boon-for-australian-mining-industry/5896830
Tinkerine Signs Canadian 3D Printer Dealer Voxel Factory, Enters Quebec and Eastern Seaboard Market.
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