Supply-side developments There were a few interesting news stories on nickel supply that emerged last week and that we think are worth examining here. They are examples of how the industry is responding to the outlook for rising demand and diminishing availability of class 1 nickel for Li-ion battery production. The Santa Rita mine in Bahia, Brazil (closed by Mirabela in 2016 and restarted by Atlantic Nickel in July 2019) is ramping up ahead of schedule. It has shipped its first concentrate (for class 1 refined nickel production) as part of a three-year offtake agreement with...
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