Japanese giants Sumitomo Metal Mining and Mitsubishi commit to $3b WA nickel joint venture with Ardea Resources | The West Australian
Seen this announcement today looks like Nickel is getting some big interest here from Japan.Nickel explorer Ardea Resources will accelerate a “globally significant” $3 billion nickel project in WA despite a glut in the battery metal.
Ardea announced on Monday a co-operation agreement with Sumitomo Metal Mining and Mitsubishi Corporation to form a 50:50 joint venture to develop the project in the Goldfields.
Locking in the strategic partners, Ardea has aligned itself with Japan’s industrial giants as Australia and its allies move to break China’s stranglehold on battery minerals.
