US and European sanctions on Russia combined with Indonesia's ban on unprocessed ore exports to push nickel to an 11-month high.
Three-month nickel on the London Metal Exchange has largely moved upward in the wake of Indonesia's decision.
PolyMet Mining is currently in the permitting phase for the NorthMet copper-nickel-precious metals mine in Minnesota.
All eyes are on the Philippines now that Indonesia has banned exports of unprocessed nickel ore.
North American Nickel Inc. (TSXV:NAN,OTCBB:WSCRF) announced that Crone Geophysics & Exploration Ltd. has mobilized its crews to the Imiak Hill Conduit Complex at the Greenland-based Maniitsoq nickel-copper-cobalt-platinum-group metals project.
Mining Weekly reported that MMG Ltd. (HKEX:1208) has signed a sales agreement under which it will sell its Tasmania-based Avebury nickel mine to QCG Resources for AU$40 million.
Royal Nickel Corp. (TSX:RNX) announced that it has acquired a 25-percent interest in Sudbury Platinum Corp. for consideration of C$1.5 million.
Reuters reported that BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) is improving the way it processes nickel ore in order to better its chances of selling its Australia-based Nickel West division.
North American Nickel Inc. (TSXV:NAN) CEO & Chairman, Rick Mark, spoke with Resource Investing News about the Maniitsoq Project in Greenland.
Polymet Mining Corp. (TSX:POM) CFO Douglas Newby spoke with the Investing News Network during PDAC 2013 in Toronto. Polymet is a Canadian company with a large copper-nickel deposit, the NorthMet project, in Northeastern Minnesota. The company is currently at the permitting stage for its Minnesota project. Mr. Newby commented that obtaining permits can sometimes be challenging in the US, but once a project is fully permitted it is an advantageous jurisdiction.
Metal Bulletin reported that in today's official London Metal Exchange (LME) session, nickel hit $18,000 per tonne for the first time since February 2013.
Platts reported that Goldman Sachs Group Inc. (NYSE:GS) has upped its three- and six-month nickel price forecasts due to the Indonesian export ban.
CTV News reported that Scotiabank now expects nickel to average US$7.66 per pound this year, higher than its initial prediction of $6.75.
The West Australian reported that nickel companies are enjoying share price rises today as the price of nickel increases.