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Glencore's metals output showed mixed progress on the year in the third quarter of 2022.

Never mind the Saudis: Here's a new OPEC for EV battery metals

Its revenues during this period slipped by 15pc to $268.5mn in line with the lower sales, although its average selling price climbed to $39.21/wmt, up by 26.1pc from $31.10/wmt a year earlier.

US carmaker Tesla has signed contracts worth about $5-billion to buy materials for their batteries from nickel processing companies in Indonesia, a senior cabinet minister told CNBC Indonesia.

Production guidance for ferro-chrome was stable at 1.47mn-1.53mn t, slightly higher than production in 2021, which was at 1.468mn t.

TSX-V-listed Canada Nickel Company has more than doubled the measured and indicated mineral resources of its Crawford nickel sulphide project, in Ontario, to 1.43-billion tonnes grading 0.24% nickel.

Britain on Wednesday announced sanctions on oligarch Vladimir Potanin, described by London as Russia's second-richest man and who has been buying assets from firms exiting Russia over the invasion of Ukraine.

BHP Group’s unsuccessful attempt to buy a junior Canadian nickel miner last year should be seen as “almost the tip of the iceberg” for its ambitions in the resource-rich country, says one of the company’s top executives.