- Indonesia’s shift away from Chinese nickel operations opens opportunities for Canadian companies to fill supply gaps
- Fathom Nickel’s strategic projects in Saskatchewan position it as a key player in North America’s nickel supply
- With nickel prices under pressure short-term, long-term demand for these critical minerals supports Fathom’s promising exploration assets
In August 2024, nickel prices briefly surged due to short covering and favorable U.S. economic data, but this gain was swiftly reversed as LME nickel stocks increased. This volatility highlights the complex dynamics in the nickel supply chain, influenced significantly by major players such as China and Indonesia. Despite short-term fluctuations, the nickel market is under pressure from oversupply, with prices expected to remain low through the year. However, the long-term outlook remains quite promising, driven by increasing demand for critical minerals among the green transition and evolving technologies.
Indonesia, a leading global nickel producer, is strategically adjusting its market position by reducing Chinese ownership in its nickel projects. This move aims to qualify for U.S. tax credits under the Inflation Reduction Act (“IRA”), which seeks to exclude electric vehicles containing critical minerals sourced from…
NOTE TO INVESTORS: The latest news and updates relating to FNICF are available in the company’s newsroom at https://ibn.fm/FNICF
About MiningNewsWire
MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.
MNW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
MiningNewsWire
Los Angeles, CA
www.MiningNewsWire.com
310.299.1717 Office
[email protected]
MiningNewsWire is powered by IBN