The Australian Financial Review reports that strong interest in a new battery-grade nickel product Western Areas plans to produce reinforces suggestions the growing electric vehicles sector could deliver a "renaissance" for the flagging nickel market, Western Areas managing director Dan Lougher says.
Western Areas started work in the June quarter on its mill recovery enhancement project, which plans to produce a high-grade nickel concentrate product from its Forrestania nickel operations in Western Australia from the March quarter of 2018. Nickel jumped by 2.4% to $10,0005/t, a three-month high.
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