Zinc producer Korea Zinc has entered into a $140 million investment agreement with Trafigura to build an “all-in-one” nickel refinery, it said on Friday November 17

Fastmarkets launches MB-NIO-0005 Nickel mixed hydroxide precipitate, outright price, fob Indonesia, $/tonne on Friday October 27.

After an extended consultation period, Fastmarkets has amended the frequency of its MB-NIO-0003 nickel mixed hydroxide precipitate outright price, cif China, Japan, and South Korea and MB-NIO-0004 nickel mixed hydroxide precipitate payable indicator, % London Metal Exchange, cif China, Japan, and South Korea from once per week to daily

Fastmarkets launches MB-FEN-0005 Nickel pig iron, 10-14% ni content, fob Indonesia, $/nickel unit on Friday October 27.

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Indonesia is to increase its dominance in global nickel supply within the next five years, amid an ongoing growth in capacity in the country

Nickel metal produced in China has appeared in the London Metal Exchange warehouse system for the first time since the exchange began reporting its country-of-origin data in January 2023

The London Metal Exchange (LME) is trialing the expansion of its closing price methodology across five of its base metals contracts ahead of launching next year, the exchange’s chief executive officer told Fastmarkets

Nickel market participants rejected the idea of making nickel sulfate or other Class 2 products eligible for delivery against the Class 1 London Metal Exchange (LME) contract and want the exchange to instead focus on fixing the existing contract, according to the LME chief executive officer

While there’s more work to be done, stability has been restored to the London Metal Exchange nickel contract and confidence in its value as a pricing mechanism is starting to return, according to the exchange’s chief executive officer