Hellenic Minerals completes nickel sulfate hexahydrate facility in Cyprus

Hydrometallurgy company Hellenic Minerals has completed the construction of a nickel sulfate hexahydrate facility in Cyprus, paving the way for initial production there.

The plant in Skouriotissa, about 30km west of the island nation’s capital, Nicosia, is thought to be on the site of the world’s oldest copper mine. It was expected to reach output of 44,000 tonnes per year of laterite ore, containing 10,000 tpy of nickel, the company said on Monday August 2.

Product from the plant will be handled by Swiss trader Arrow Metals, which has a tolling agreement to supply laterite nickel and recieve battery-ready sulfate.

With increasing production of electrically powered vehicles, automotive battery producers are on the lookout for new sources of nickel in sulfate form for use in batteries.

The rush for nickel can be seen in the growing seaborne market for the product. Fastmarkets’ nickel sulfate premium, cif China, Japan and Korea, was $3,000 per tonne on August 2, compared with $2,400 per tonne in April.

What to read next
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer’s executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas
US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
The fallout from Russia’s invasion of Ukraine is changing global trade flows for bauxite, with Brazilian material once again flowing into China and with the introduction of export restrictions elsewhere likely to influence availability through 2023
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.