Global nickel usage surged by an extraordinary 16.2% last year on the back of booming demand from both the dominant stainless steel and fast-growing battery end-use sectors. The result was a supply shortfall of 168,000 tonnes, the largest production deficit in at least a decade, according to the International Nickel Study Group's latest statistical snapshot on the market.
Global nickel usage surged by an extraordinary 16.2% last year on the back of booming demand from both the dominant stainless steel and fast-growing battery end-use sectors. The result was a supply shortfall of 168,000 tonnes, the largest production deficit in at least a decade, according to the International Nickel Study Group's latest statistical snapshot on the market.
The Baltic Exchange's main sea freight index rose to a five-month peak on Wednesday, due to stronger rates across all vessel segments. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 94 points, or 3%, at 3,189 points, the highest since Dec. 13. * The capesize index gained 214 points, or 5.4%, at 4,164 points, also at its five-month high.
* Zinc mine flooded on April 16 after torrential rain. * Underground rescue chamber found intact but empty. * Eight miners remain unaccounted for. * Government, company investigating causes of disaster. By Anne Mimault and Thiam Ndiaga.
Trevali Mining Corp (TVLMF) said on Tuesday that the refuge chamber at its flooded Perkoa mine in Burkina Faso was found intact with no one inside, confirming that none of the eight missing workers reached the refuge chamber. "The company's search crews will continue to work at maximum capacity, 24-hours-per-day until the missing individuals are recovered," it said in a statement.
Rescue workers have found no survivors in a rescue chamber inside Trevali Mining Corp's (TVLMF) flooded Perkoa zinc mine in Burkina Faso where eight miners have been missing since April 16, the government said in a statement on Tuesday.
Mexico's peso inched higher on Monday as
central bankers hinted at more interest rate hikes to control
surging inflation, while most other Latin American currencies
eked out gains with a ...
The Baltic Exchange's main sea freight index fell for the second consecutive session on Monday due to weaker rates for all vessel segments. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 19 points, or 0.6 %, at 3,085 points. * The capesize index lost 18 points, nearly 0.5%, at 3,929 points.
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