Tag: nickel

Glencore Announces Decision to Sell Stake in New Caledonia Nickel Operations due to Continuous Losses
2 min read
Business

Glencore Announces Decision to Sell Stake in New Caledonia Nickel Operations due to Continuous Losses

Global mining and commodity trading giant Glencore has recently announced its decision to sell its stake in the lossmaking New Caledonia nickel operations. The move comes as Glencore aims to streamline its business portfolio and prioritize more profitable ventures.

Environmental Concerns and Financial Struggles Lead to the Implosion of the Nickel Industry
3 min read
Business

Environmental Concerns and Financial Struggles Lead to the Implosion of the Nickel Industry

The nickel industry, once touted as a cornerstone of green technology and a reliable investment, has experienced a significant decline in recent years. From the push for electric vehicles to the rise in demand for renewable energy storage, the metal was expected to experience exponential growth. However, unforeseen challenges have left the nickel industry on the verge of collapse.