Three-month nickel on the London Metal Exchange has largely moved upward in the wake of Indonesia's decision. Encouragingly, Vale believes further gains are to come.
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.
Indonesia's long-awaited ban on the export of unprocessed ore has sent nickel market participants reeling and shares of nickel companies soaring.
Westhaven Ventures Inc. (TSXV:WHN) provided preliminary assay results from the 2013 drill program at its BEN property, located about 50 kilometers north of Williams Lake in British Columbia. It consisted of 425 meters of diamond drilling over three holes.
Reuters reported that Vale SA's (NYSE:VALE) Canadian unit is now working on its Sudbury Basin-based Copper Cliff Deep nickel project once again and hopes to have a feasibility study ready by the end of 2014.
North American Nickel Inc. (TSXV:NAN,OTCBB:WSCRF) announced that it is in the midst of planning 2014 exploration and drill programs at its Southwest Greenland-based nickel-copper-cobalt-platinum-group metals project.
Wellgreen Platinum Ltd. (TSXV:WG,OTCQX:WGPLF) announced more results from a recent field program completed at its Yukon-based Wellgreen platinum-group metals-nickel-copper project, commenting that they are from the Central Zone.
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.
Bloomberg reported that after China retained its 7.5-percent economic growth target, nickel rose to a nine-month high.
Reuters reported that Patrick Buffet, chairman and chief executive of France's Eramet SA (EPA:ERA), believes Indonesia's export ban is a positive development and will "eventually support nickel prices."
Reuters reported that Indonesia's ban on unprocessed ore exports is set to send the value of its mining exports as low as $7 billion this year, from $11 to $12 billion in 2013. Prior to the ban, the country was the world's top exporter of nickel.
Metal Bulletin reported that nickel on the London Metal Exchange (LME) rose to a three-and-a-half-week high yesterday.