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    Tag: Production

    Uncharted waters

    The fragile ceasefire between the United States and Iran broke down at the start of July, just three weeks after the signing of the June memorandum of understanding, after Iran fired at several vessels who had failed to notify them of their transit of the Strait of Hormuz, and the US retaliated with a missile barrage. While the two month negotiation period it had specified to solve all of the outstanding issues between the two parties had always seemed over-ambitious, market participants had at least expected to have that grace period to arrange for new cargoes and tranship them through the Strait. Now that the ceasefire has ended early, markets are truly entering uncharted waters.

    Nickel Industries starts up ENC acid plant

    Nickel Industries announced started up the sulphuric acid plant at its new Excelsior Nickel Cobalt (ENC) HPAL project in the final week of June. The ENC Project is a massive, multi-billion dollar high-pressure acid leach (HPAL) facility located in the Indonesia Morowali Industrial Park (IMIP) in Central Sulawesi, Indonesia. It is operated by Australia’s Nickel Industries to supply battery-grade materials for the electric vehicle (EV) market. At capacity, it is expected to yield roughly 72,000 t/a of contained nickel equivalent as mixed hydroxide precipitate (MHP), nickel sulphate, and nickel cathode.

    Gazprom and PhosAgro sign new five-year sulphur deal

    Russian gas producer Gazprom and fertilizer giant PhosAgro have signed a new five-year agreement for the supply of sulphur, according to a report from Interfax on 5 June. The deal, signed at the St. Petersburg International Economic Forum (SPIEF), will see Gazprom continue to supply the key raw material for PhosAgro’s phosphate fertilizer production. The document was signed by Gazprom Deputy Chairman Vitaly Markelov and PhosAgro CEO Alexander Gilgenberg.