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Beleggen in nikkel

Valuta wisselkoersen, euro dollar wisselkoers, euro pond wisselkoers, goudprijs, goudmarkt, goud kopen, zilverprijs, zilver kopen, forex, etc.
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Beleggen in nikkel

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Nikkel is een scheikundig element met symbool Ni en atoomnummer 28. Het is een zilverwit/grijs overgangsmetaal.

Het grootste deel, circa 70%, van het wereldwijd geproduceerde nikkel wordt gebruikt bij de productie van roestvast staal.

Het wordt verder gebruikt voor allerlei andere legeringen waaronder hastelloy, incoloy, inconel.

https://nl.wikipedia.org/wiki/Nikkel




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Re: Beleggen in nikkel

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Fathom Nickel prepares for more drilling at Albert Lake as it wraps up Q1 program at Gochager Lake

Proactive Investors

Fathom Nickel Inc CEO and VP Exploration Ian Fraser joined Proactive's Stephen Gunnion with the news that the company has completed its first quarter 2023 drill program at the Gochager Lake Project.

Fraser said highlights included two drill holes intersecting broad zones of disseminated, semi-massive to massive sulphide mineralization.

Equipment and personnel are currently being remobilized to its flagship Albert Lake Project, and Fraser said the company is looking forward to drill test the favourable soil geo-chem targets that it has defined at the Tremblay-Olson Claims area.

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Re: Beleggen in nikkel

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The Journey of Nickel

Glencore

We're taking you on the journey of Nickel - a versatile metal present across every industry, from transport to healthcare.

Starting at our Raglan Mine in Canada, learn how we produce, ship, market and recycle this vital commodity across the globe.

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Re: Beleggen in nikkel

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One year after nickel fiasco, LME left with multiple headaches

One year after nickel trading went haywire on the London Metal Exchange (LME), the 146-year old exchange is fighting to mend its reputation amid a host of lawsuits, vigorous action by regulators and struggling volumes.

The impact of March 8, 2022, will last years after nickel prices erupted in a record-breaking surge, forcing the world’s largest forum for metals to halt trading and void billions of dollars worth of nickel deals, angering many investors.

The danger is the aftershocks of last year’s events could mean the LME’s nickel contract fails to regain its benchmark status as the CME Group, Shanghai Futures Exchange and others manoeuvre for a slice of the nickel pie.

Volumes have slumped as many investors, traders, consumers and producers abandoned LME nickel in the wake of the chaos.

Over the past few days, the LME has been hit with new lawsuits in addition to existing legal action by US hedge fund Elliott Associates and Jane Street Global Trading, which are suing the LME for a total of $472 million.

“The resources these cases are going to need are phenomenal and coupled with the enforcement investigation it means the LME won’t be focusing on its main job, which is to run an exchange,” said a senior metals broker.

Last Friday, Britain’s Financial Conduct Authority (FCA) launched its first ever investigation of a UK exchange for potential misconduct.

The same day, the Bank of England said its reviews had pointed to several shortcomings at LME clearing house LME Clear, adding it would name an independent monitor.

The nickel crisis, spurred partly by over-the-counter (OTC) short nickel positions, has prompted reforms by the LME, including 15% price limits and OTC position reporting.

The regulatory actions and legal cases will stoke debate within the financial community about the timing of the LME’s controversial decision to cancel trades.

“Did the LME act quickly enough? Possibly not. The warnings were there in January and February,” said Malcolm Freeman, chief executive of broker Kingdom Futures.

Metal industry sources say the LME needs all its focus and energy to rebuild its nickel contract.

Futures and options nickel volumes last month were at only 58% of the levels in February last year.

One bright spot for the LME is its planned restart of nickel trading during Asian hours on March 20, providing a possible boost for liquidity.

Rivals of the LME, owned by Hong Kong Exchanges and Clearing, are looking to exploit the exchange’s current perceived weakness.

The CME plans to launch a nickel contract settled with prices gathered from a platform to be launched by UK-based Global Commodities Holdings, sources told Reuters last month.

Moreover, the LME is grappling with a major disconnect with the physical market, dominated by nickel pig iron which cannot be delivered against LME contracts.

Nickel that can be delivered against the LME’s contract comprised just 20% of global supplies last year.

“Loss of confidence in the exchange and its nickel contract have created a vicious cycle of lower volumes and liquidity, which is going to be tough to restore,” a metal industry veteran said.

(Reporting by Eric Onstad and Pratima Desai; Editing by Veronica Brown and Mark Potter)

https://www.mining.com/web/one-year-aft ... headaches/


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Re: Beleggen in nikkel

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Harita Nickel to soon kick off $650 million Indonesian IPO

Indonesian metal and mining firm PT Trimegah Bangun Persada started taking orders on Wednesday for an initial public offering of as much as $647 million, according to terms of the deal seen by Bloomberg News.

The company, also known as Harita Nickel, is offering as many as 8.1 billion shares at 1,220 to 1,250 rupiah each, according to terms confirming an earlier Bloomberg News report. At the top end of the price range, Harita Nickel would have a market value of about $5.1 billion. It’s taking orders from Wednesday and plans to price the offering March 24. Trading in the shares is expected to start April 12.

At $647 million, Harita Nickel’s IPO would surpass PT Pertamina Geothermal Energy as Indonesia’s biggest this year, according to data compiled by Bloomberg. State-backed Pertamina Geothermal raised about $604 million in its first-time share sale in February.

The nickel industry sits at the heart of President Joko Widodo’s vision of developing an end-to-end electric-vehicle supply chain onshore. Carmakers including Hyundai Motor Co. and Mitsubishi Motors Corp are setting up local EV plants, seeking to ensure continued supply of nickel for their batteries as Indonesia bans ore exports.

Harita operates the country’s first high-pressure acid leaching smelter on Obi island in North Maluku, according to its website. The HPAL process turns the local low-grade ore into mixed hydroxide precipitate — a form of nickel that can be further processed to make batteries. Its HPAL facility has a production capacity of 55,000 tons a year. Next year, a new plant would more than double its output to 120,000 tons.

It is partnering with China’s Lygend Resources & Technology Co. to complete facilities to process mixed hydroxide precipitate into nickel and cobalt sulfate, which are more refined versions of the metals. Harita also produces ferronickel by operating several electric-furnace smelters.

The company plans to use proceeds from the share sale for capital expenditures, repayment of outstanding loans and working capital, among other things. Credit Suisse Group AG, BNP Paribas SA, Citigroup Inc. and PT Mandiri Sekuritas are joint global coordinators of the offering.

(By Yudith Ho and Filipe Pacheco)

https://www.mining.com/web/harita-nicke ... esian-ipo/
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Re: Beleggen in nikkel

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Canada Nickel reports high nickel recoveries at Reid project

Canada Nickel’s (TSXV: CNC) first metallurgical test at Reid, an ultramafic nickel project near its flagship Crawford nickel sulphide project in Ontario, returned a head grade of 0.35% nickel, 0.10% sulphur and 6.2% iron.


The company said the initial open pit circuit test was done on a sample from the higher-grade area of the Reid property, 16 km southwest of Crawford and 37 km northwest of Timmins.

The sample achieved a nickel recovery of 63%, iron recovery of 31% and chromium recovery of 0.27%. The final nickel concentrates had a combined nickel grade of 46% and cobalt grade of 0.27%, while the magnetite concentrate had an iron grade of 55% and chromium grade of 3%. In addition, over half of the recovered nickel is reported to have a nickel sulphide concentrate 60%.

The company said the sample was also tested for its potential to transfer the metallurgical process at Crawford to the Reid ultramafic nickel mineralization. The company said it used a standard test process from the Crawford feasibility variability program, including grind sizes, reagent dosing strategies and flowsheet layout.

“As expected,” the company stated in a press release, “the nickel in the flotation circuit was recovered to a high grade concentrate due to the dominance of higher nickel tenor heazlewoodite mineralization.”

According to the company, Reid contains an ultramafic body with a target geophysical footprint of 3.9 sq. km compared to Crawford’s 1.6-sqkm footprint. Earlier this year Canada Nickel reported drill results from a 16-hole program at Reid. Highlighted intervals included 54 metres grading 0.30% nickel, 0.01% cobalt, 0.021gram palladium per tonne, 0.007 gram platinum per tonne, 0.73% chromium, 7.36% iron, and 0.07% sulphur starting from 369 metres in drillhole REI22-06.

The results of the drill program, Canada Nickel noted, “show that the Reid deposit is approximately 50% wider than the Crawford Main Zone and more than 100% wider than the Crawford East Zone.”

In other news, Canada Nickel also announced it has closed its acquisition of the past-producing Texmont property.

On Mar. 6, the company reported that the first 12 holes (3,204 metres) of an initial drill program confirmed high-grade and near-surface mineralization at Texmont, 36 km south of Timmins.

Highlighted intervals included 5.2 metres grading 2.60% nickel, 0.06% cobalt, 0.265 gram palladium per tonne, 0.226 gram platinum per tonne and 2.46% sulphur starting from 139 metres downhole in TEX22-03, and 4 metres of 2.43% nickel, 0.06% cobalt, 0.246 gram palladium, 0.314 gram platinum, and 2.94% sulphur from 88 metres in drillhole TEX22-06.

The 12 holes are part of a larger program, and Canada Nickel has completed a total of 39 holes (9,670 metres) of drilling. The company says it expects to deliver a resource estimate later this year that will be based on new data and historic drilling. The resource will become the basis “for an open-pit mine plan to support a potential restart by 2025 or provide a source of higher-grade feed for the Crawford nickel sulphide project,” the company said.

Canada Nickel describes Texmont as a “komatiite flow rather than a dunite sill with sections of highly mineralized peridotite and dimensions approximately 1.2 kilometres long by up to 150 metres wide.”

A mine and mill operated on the site from July 1971 to December 1972, then decades later, Fletcher Nickel drilled 28,883 metres at the property between 2006 and 2008.

https://www.mining.com/canada-nickel-re ... d-project/
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Re: Beleggen in nikkel

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Dynamic Metals thrilled with thick high-grade nickel at Dordie Far West

Proactive Investors

Dynamic Metals Ltd (ASX:DYM) MD Karen Wellman tells Proactive the company has struck thick nickel mineralisation in three of the first five holes drilled at the Dordie Far West (DFW) prospect of the Widgiemooltha Project in the Goldfields of Western Australia.

DYM now plans to conduct detailed geochemical analysis on 1-metre split samples to confirm the model of nickel mineralisation present and support the planning of a follow-up drilling program.



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Re: Beleggen in nikkel

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Canada Nickel marks new milestones across Timmins, ON nickel projects

Proactive Investors

Canada Nickel Chair & CEO Mark Selby joins Natalie Stoberman from the Proactive studios to discuss the company's latest milestones at its Anglo American, Texmont and Reid Nickel projects.

Canada Nickel Company is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets.

Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt and NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products.

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Re: Beleggen in nikkel

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The return of the London Metal Exchange’s nickel curse

The London Metal Exchange (LME) has discovered that some of its registered nickel is missing.

Nine warrants, equivalent to 54 tonnes, have been declared invalid after being found to be “non-conformant with the contract specifications”, the LME said in a March 17 notice.

What should have been bags of nickel briquettes grading at least 99.8% pure metal have turned out to be bags of stones.

The incident comes one month after Trafigura took a $577 million charge against cargoes of nickel that turned out to be steel. The trading company alleges “a systematic fraud” and is pursuing legal action against companies associated with Indian businessman Prateek Gupta. A spokesperson for Gupta has said that they were preparing “a robust response” to the allegations.

The latest incident also comes almost exactly one year after the LME suspended nickel trading and canceled trades, a fateful decision that has generated a slew of lawsuits from disgruntled fund players and an unprecedented enforcement investigation by UK regulators.

The LME, owned by Hong Kong Exchanges and Clearing, seems to be cursed by the devil’s metal.

Missing nickel

It’s not the first time that LME nickel stocks have been in the legal limelight but previous scams, such as one which resulted in a courtroom tussle between Natixis and Marex after the unraveling of a repo deal in 2017, were based on false receipts.

This one seems to be a much more basic deception and one which raises serious questions about the controls at the warehouse operator in question.

LME rules stipulate that all metal placed on warrant must be weighed, a requirement that is particularly important if the metal is bagged and can’t be visually checked for any irregularities.

It is clearly also in the warehouse operator’s own interest not to accept anything which isn’t what it seems, particularly a metal that is currently valued at $22,750 per tonne.

Bags of stones shouldn’t pass any inspection, whether at original load-in or during the annual audit of registered stock required by the LME’s warehousing agreement.

Access World has confirmed to Reuters the fake nickel was located in one of its sheds in Rotterdam. The company “is currently undertaking inspections of warranted bags of nickel briquettes at all locations and will engage external surveyors to assist,” it said.

Access was owned by Glencore until January when it was sold to Global Capital Merchants.

The LME has required every other warehouse operator to check its nickel and advised holders of off-warrant stocks to do their own inspections if they haven’t already after the Trafigura revelations.

So far at least, there is nothing to suggest that this wasn’t a one-off incident, affecting just 0.14% of live LME nickel stocks, according to the LME.

Reputational hit

The LME, it is worth noting, does not itself own or operate warehouses for the storage of warranted metal but rather licenses approved operators.

Warehouse companies seeking LME approval must meet a host of capital adequacy, insurance and detailed operating qualifications. They must also allow routine inspections by exchange staff to inspect warranted metal.

LME registration is therefore something of a gold standard for metals warehousing, which is why the exchange can boast over 500 facilities across 32 locations in Asia, Europe and the United States.

Or at least it was.

While we wait to find out exactly how 54 tonnes of nickel were replaced with stones, the reputational damage to the LME’s storage system has already been done.

The LME may not own or operate any sheds but it is the front-line regulator of its warehousing system.

Deliverability lies at the heart of the LME’s price discovery role and good warehousing practice is critical to maintaining an orderly market.

It’s a point the exchange has repeatedly underlined in past clashes with warehouse operators over long load-out queues, which disrupted the relationship between LME and physical market pricing.

An isolated incident at one particular warehouse wouldn’t at any other time have much impact on the LME’s broader reputation.

But it folds into the bigger issues around the exchange’s governance and regulatory capacity after the blow-out of the nickel contract this time last year.

Broken nickel

The latest scandal will also intensify the question of whether the LME nickel contract is fulfilling the function of an efficient price discovery forum.

The mismatch between the LME’s Class I refined nickel contract and the new flows of nickel chemicals feeding the electric vehicle battery sector was a root cause of last year’s market mayhem.

The big short in the market, China’s Tsingshan Group, may be the world’s largest producer but not in a form it could deliver against its positions on the LME.

The nickel market was already looking for different pricing solutions before the March 8, 2022 suspension of LME nickel trading. The subsequent collapse in activity has fuelled the debate.

Average daily volumes on the LME contract were 34,613 lots in February, down 58% on February 2022, the last full month of trading before the March breakdown.

The LME is hoping that the restoration of trading in Asian hours will revive flagging activity.

The first attempt was blocked in January by Britain’s Financial Conduct Authority (FCA) due to concerns about the LME’s ability to maintain market order.

It finally got the go-ahead to extend hours on March 20, a date which has just been pushed back a week to next Monday so everyone can check their nickel, particularly if it’s bagged.

The LME already had a mountain to climb to rebuild trust in its nickel contract. The mountain has just grown by another 54 tonnes of stone.

(The opinions expressed here are those of the author, Andy Home, a columnist for Reuters.)

(Editing by Susan Fenton)

https://www.mining.com/web/column-the-r ... kel-curse/
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Re: Beleggen in nikkel

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JPMorgan Chase thought it had $1.3 million worth of nickel stored in a warehouse. A closer examination revealed bags of stones.

JPMorgan Chase kept bags of stones in a warehouse thinking they were nickel, according to the WSJ.

The London Metal Exchange revealed Friday that the bags contained stones instead of nickel.

The owner of the bags is JPMorgan Chase, according to the Journal.

The London Metal Exchange revealed a surprising mix-up last week at a warehouse in the Dutch port city of Rotterdam.

An operator for the warehouse weighed bags that were thought to contain 54 metric tons of nickel, only to find that they were filled with stones, according to The Wall Street Journal.

It appears that JPMorgan Chase is the unlucky owner of those bags, the Journal said on Monday, citing people familiar with the matter.

Had they contained nickel, the bags would have been worth $1.3 million at current prices, representing 0.14% of nickel inventories, Bloomberg reported. While that means the mix-up will have a relatively minor impact on metal markets, it does call the security of the LME's contracts into question. "In an industry riddled with scandals, the LME's contracts are viewed as unquestionably safe," Bloomberg said.

The LME first announced the mix-up last Friday but didn't disclose the owner of the bags or the warehouse where they were kept, according to The Wall Street Journal. However, people familiar with the matter said the warehouse was owned and operated by Access World, according to the Journal.

A spokesperson for the logistics firms told Insider that "Access World confirms it is currently undertaking inspections of warranted bags of nickel briquettes at all locations and will engage external surveyors to assist. In the meantime based on internal stock checks all information indicates that the underlying issue which led to the suspension of the 9 warrants referenced in LME notice 23/044 is an isolated case and specific to one warehouse in Rotterdam."

It's likely that Access World is going to bear the financial burden for the mix-up rather than JPMorgan Chase, the Journal said, because it was the company's responsibility to protect the stores of metal in its facilities.

JPMorgan Chase bought the bags years ago and remains an active player in big metals, the Journal said.

JPMorgan Chase and the LME also did not immediately respond to Insider's request for comment.

https://finance.yahoo.com/news/jpmorgan ... 42227.html
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