New Caledonia nickel plant, a Tesla supplier, cuts supply after leak – Bloomberg | CPT PPP Coverage
Cryptopolytech (CPT) Public Press Pass (PPP)
News of the Day COVERAGE
200000048 – World Newser
•| #World |•| #Online |•| #Media |•| #Outlet |
View more Headlines & Breaking News here, as covered by cryptopolytech.com
New Caledonia nickel plant, a Tesla supplier, cuts supply after leak – Bloomberg appeared on finance.yahoo.com by Reuters.
MELBOURNE, Nov 15 (Reuters) – New Caledonian nickel producer Prony Resources, a supplier to Tesla, will reduce production after a leak from its tailings dam, Bloomberg reported on Tuesday.
The Goro nickel plant reported “limited release of salt-laden liquid” after heavy rain in August, a Prony Resources spokesperson told Bloomberg by email. As a result, production of the metal, used in batteries, will be reduced in the fourth quarter, the company told Bloomberg.
Prony, whose shareholders include global trader Trafigura, bought the loss-making nickel operations in the French territory from Brazil’s Vale SA last year. It had set out to double production from last year’s levels to 44,000 tonnes in 2024.
Shanghai Futures Exchange nickel prices were up 1 percent in a slightly higher base metals market. (Reporting by Melanie Burton; Edited by Bradley Perrett)
FEATURED ‘News of the Day’, as reported by public domain newswires.
View ALL Headlines & Breaking News here.
Source Information (if available)
This article originally appeared on finance.yahoo.com by Reuters – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.
We will happily entertain any content removal requests, simply reach out to us. In the interim, please perform due diligence and place any content you deem “privileged” behind a subscription and/or paywall.
CPT (CryptoPolyTech) PPP (Public Press Pass) Coverage features stories and headlines you may not otherwise see due to the manipulation of mass media.
First to share? If share image does not populate, please close the share box & re-open or reload page to load the image, Thanks!