Nickel tightness amplified by Goro, Ambatovy, Giga Metals says

The placement of two major operations on care and maintenance has removed around 15% of this year’s forecast production of nickel used in lithium-ion batteries from the market and demonstrates how tight the market can become, the president of Giga Metals Corp said.

Martin Vydra said that the Goro and Ambatovy operations, located in New Caledonia and Madagascar respectively, represent around 71,000 tonnes of nickel in the form of intermediates, powder or briquette. Production of these products had been forecast to be around 477,000 tonnes this year.

Vale’s Goro was placed on care and maintenance last week, while Sumitomo Corporation’s Ambatovy was...

Published

Andrea Hotter

September 10, 2020

19:38 GMT

New York