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The global nickel market is poised for a larger surplus next year, driven by continued production expansion in Indonesia, Japan’s largest nickel smelter Sumitomo Metal Mining said on Wednesday.

Indonesian state-controlled miner PT Aneka Tambang (Antam) has acquired a 30% stake worth $102 million in a smelter owned by a subsidiary of Chinese stainless steel giant Tsingshan Holding Group, the company said in an exchange filing.

Vale (NYSE: VALE) is considering a potential public listing for its base metals unit by the end of 2026, according to the chair of Vale Base Metals (VBM), Mark Cutifani.

Lifezone Metals announces initiation of project financing process for Kabanga nickel project in Tanzania

Nickel Industries buys 51% stake in Siduarsi project

Nornickel opens EV battery R&D centre

WBMS: Global refined nickel supply is short by 6,800 tons in July 2024

Indonesia breaks ground on first renewable energy-powered EV battery factory