Nasdaq Commodities

Copper prices lost ground on Monday, weighed down by a firmer U.S. dollar ahead of key economic data and rising inventories in top consumer China.

Fans will be able to buy the Australia women's goalkeeper kit worn by Mackenzie Arnold at last year's Women's World Cup, Football Australia (FA) said on Monday.

Malaysian palm oil futures were down on Monday, after posting a weekly gain last week, as subdued exports data weighed on the contract.

Indonesia has allocated an additional quota of 1.6 million metric tons of rice for import for this year on top of 2 million tons previously approved, an official said on Monday, anticipating lower domestic output in the January-March harvest.

Chicago corn gained ground on Monday, with prices underpinned by short-covering after the market dropped to its lowest level in more than three years last week, weighed down by ample world supplies and expectations of a bumper harvest in South America.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) dropped 7.03 points last week to close at 549.73.Statistics Canada released consumer price index figures this past Tuesday (February 20), indicating inflation growth slowed in January, seeing a gain of 2.9 percent on a year-over-year basis compared to 3.4 percent for December. This was led by gasoline prices, which fell 4 percent from January 2023. Additionally, the pace at which retail food prices rose continued to ease, with a 3.4 percent rise versus 4 percent in December on an annualized basis. Analysts reacted positively to the CPI data, which came in below what was widely expected. However, even with inflation coming closer to the target 2 percent rate, analysts and economists believe the Bank of Canada won’t begin to cut interest rates until the US Federal Reserve does so. Meanwhile, south of the border, the Federal Reserve released the minutes from its January meeting of the Federal Open Markets Committee this past Wednesday (February 21). In the notes, the Fed revealed it wanted more data indicating inflation was on a path back to the 2 percent target and stated it was committed to pushing quantitative tightening as far as it could without sending the economy into a recession.In mining news, Newmont (TSX:NGT,NYSE:NEM) announced this past Thursday (February 22) its plan to divest six mining assets and two projects it has deemed non-core, including the Éléonore, Musselwhite and Porcupine gold mines and Coffee gold project in Canada, as well as the Cripple Creek and Victor gold mine in Nevada, United States. Against that backdrop, how have small-cap mining stocks on the TSX Venture exchange fared this past week? Here are the top 5 gainers. 1. Spruce Ridge Resources (TSXV:SHL) {"@context":"http://schema.org","@type":"Corporation","name":"Spruce Ridge Resources","url":"https://investingnews.com/spruce-ridge-resources/","description":"Spruce Ridge is a mineral exploration company focused on the expansion of its high-grade copper resource at Great Burnt, and the continued exploration of its South Pond gold and copper property as well as Foggy Pond which is prospective for VMS and gold.","tickerSymbol":"TSXV:SHL","sameAs":[],"image":"https://investingnews.com/media-library/airborne-geophysical-surveys-for-geological-mapping.jpg?id=28311267&width=980","logo":"https://investingnews.com/media-library/airborne-geophysical-surveys-for-geological-mapping.jpg?id=28311267&width=210"} Press Releases Company Profile Weekly gain: 45.45 percent; market cap: C$12.62 million; current share price: C$0.08Spruce Ridge Resources is an exploration company working on several projects in North America. Its flagship asset is the Great Burnt copper-gold project, which consists of four primary zones: the Great Burnt copper zone, the South Pond A copper-gold zone, the South Pond B gold zone and the End Zone copper zone.Spruce Ridge announced in November that it entered into a share purchase agreement with RAB capital holdings to acquire an 80 percent interest in Homeland Nickel and its portfolio of nickel claims including the Red Flat and Cleopatra properties. These acquisitions give Spruce Ridge access to the US critical minerals market and provide the company with resources equivalent to over 1 billion pounds of nickel. Spruce Ridge’s share price increased significantly last week, but the company has not released news since January 10, when it appointed Errol Farr as corporate secretary. Buy now , 2. Tsodilo Resources (TSXV:TSD) {"@context":"http://schema.org","@type":"Corporation","name":"Tsodilo Resources Limited","url":"http://www.tsodiloresources.com","description":"Tsodilo Resources Ltd is an exploration stage company that is engaged principally in the acquisition, exploration, and development of mineral properties in the Republic of Botswana. The company is actively reviewing additional diamond base and precious metal opportunities within Southern Africa. Its projects include Botswana Diamond, Xaudum Iron, and Idada 361.","tickerSymbol":"TSXV:TSD","sameAs":[]} Company Profile Weekly gain: 42.5 percent; market cap: C$13.29 million; current share price: C$0.285Tsodilo Resources is a diamond and metals exploration company operating in Botswana. Its subsidiary Gcwihaba Resources owns the Xaudum iron project, which has high concentrations of iron, silicon dioxide, aluminum oxide and phosphorus.Since June 2021, the company and Gcwihaba have been involved in a dispute with Botswana over the renewal of prospecting licenses for Xaudum. Of the five renewals submitted, four were approved, but one was rejected as part of it was in the buffer zone around the Okavango Delta UNESCO World Heritage Property.Tsodilo and Gcwihaba commenced legal action against Botswana's Ministry of Minerals and Energy in November 2022, arguing that the license has existed since 2008, six years prior to the establishment of the buffer zone, and has since been renewed and regranted without controversy.On December 15, 2023, the company announced that the court had ruled in its favor and ordered the ministry to renew the licenses in question. Shares in Tsodilo were up this past week following news released on Monday (February 19) that the company had collected the mining licenses from the Department of Mines following the lapse of the deadline for the ministry to file an appeal. Additionally, Tsodilo said it had withdrawn the contempt motion it filed against the ministry on January 23. Buy now , 3. Century Lithium (TSXV:LCE) {"@context":"http://schema.org","@type":"Corporation","name":"Century Lithium","url":"https://centurylithium.com/","description":"Developing One of Nevada’s Largest Lithium Projects Towards Production","tickerSymbol":"TSXV:LCE","sameAs":["https://twitter.com/CenturyLithium"],"image":"https://investingnews.com/media-library/century-lithium-tsxv-lce.png?id=32973550&width=980","logo":"https://investingnews.com/media-library/century-lithium-tsxv-lce.png?id=32973550&width=210"} Press Releases Company Profile Weekly gain: 38.5 percent; market cap: C$70.92 million; current share price: C$0.54Century Lithium is an advanced-stage lithium exploration company focused on the development of its flagship Clayton Valley claystone lithium project located in Esmeralda County, Nevada, US. The company is also developing a direct lithium extraction pilot plant, where it is testing material from its project.Clayton Valley comprises a 5,585 acre land package with mineralization occurring throughout the sediments to a depth of 45. A pre-feasibility study for the site from 2021 showed indicated mineral reserves of 1.18 million metric tons of contained lithium at an average grade of 1,129 parts per million.The company did not release any news in the past week, but shares gained more than 35 percent. Buy now , 4. Gratomic (TSXV:GRAT) {"@context":"http://schema.org","@type":"Corporation","name":"Gratomic Inc.","url":"https://www.gratomic.ca","description":"Gratomic Inc is an advanced materials company. It is focused on low-cost mine to market commercialization of carbon-neutral, eco-friendly, high purity vein graphite and is set to become a key player in EV and Renewable Resource supply chains. The company is in the process of solidifying its plans for the micronization, spheronization, and coating of its Aukam vein graphite. The company is engaged in the acquisition and exploration of assets located primarily in Canada and Namibia.","tickerSymbol":"TSXV:GRAT","sameAs":[],"image":"https://investingnews.com/media-library/tsxv-grat.jpg?id=27771440&width=980","logo":"https://investingnews.com/media-library/tsxv-grat.jpg?id=27771440&width=210"} Press Releases Company Profile Weekly gain: 37.04 percent; market cap: C$32.04 million; current share price: C$0.185Gratomic is a junior graphite exploration company with assets located in Canada and Namibia. Its primary projects are the Buckingham graphite property located near Buckingham in Québec, Canada. It covers an area of 480 hectares and consists of eight claim blocks. The company’s Aukam graphite project is located near the port of Luderitz, in Southern Namibia covering an area of 141,500 hectares and has been granted four prospecting licenses. The company did not release news last week. Buy now , 5. Emerita Resources (TSXV:EMO) {"@context":"http://schema.org","@type":"Corporation","name":"Emerita Resources","url":"http://www.emeritaresources.com/","description":"Zinc Exploration in Northern Spain\n","tickerSymbol":"TSXV:EMO","sameAs":[],"image":"https://investingnews.com/media-library/image.png?id=31142448&width=980","logo":"https://investingnews.com/media-library/image.png?id=31142448&width=210"} Press Releases Company Profile Weekly gain: 25.92 percent; market cap: C$112.71 million; current share price: C$0.495Emerita is a mineral resource exploration company focused on the development of base and precious metals assets in the Iberian Pyrite Belt in Spain. Its flagship project is the Iberian West Belt project within a region that has hosted past mining activity dating to the Roman era. The project hosts three polymetallic deposits: Infanta, El Cura and Romanera. Mineral resource estimates released in May 2023, show indicated and inferred values of 685,000 MT of zinc, 334,000 MT of lead, 91,000 MT of copper, 44,993 ounces of silver and 763,000 ounces of gold. The company also owns the Nuevo Tintillo concessions in the Seville province of Spain, covering an area of 6,875 hectares and an additional 7,625 pending, and hosts previous artisanal mining dating back to the 1800s. The company most recent news came at the end of January when it released drill results from the El Cura deposit. Buy now , FAQs for TSXV stocks ​What is the difference between the TSX and TSXV? The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, while the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange. ​How many companies are listed on the TSXV? As of September 2023, there were 1,713 companies listed on the TSXV, 953 of which were mining companies. Comparatively, the TSX was home to 1,789 companies, with 190 of those being mining companies.Together the TSX and TSXV host around 40 percent of the world’s public mining companies. ​How much does it cost to list on the TSXV? There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance. These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports. ​How do you trade on the TSXV? Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange's trading hours. Data for this 5 Top Weekly TSXV Performers article was retrieved at 1:00 p.m. PST on February 16, 2024, using TradingView's stock screener. Only companies with market capitalizations greater than C$10 million prior to the week's gains are included. Companies within the non-energy minerals and energy minerals were considered.Article by Dean Belder; FAQs by Lauren Kelly.Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

Malaysian palm oil futures looks for direction on Monday as market participants awaited new leads, while a report of weak exports data weighed the contract.

Trade ministers from nearly every country in the world gather in Abu Dhabi on Monday for a World Trade Organization meeting that aims to set new global commerce rules, but even its ambitious chief Ngozi Okonjo-Iweala has sought to curb expectations.

Tank storage firm Vopak said on Monday it will repurpose part of its Sebarok terminal in Singapore for clients to blend and store marine biofuel.

U.S. grain and oilseed markets have posted historic declines so far this year with the recovery of global supplies, and prices continued to fall last week even after speculators established their most bearish ever bets in Chicago corn.

Prices of copper opened the week lower on Monday, under pressure from a firmer U.S. dollar ahead of key economic data, while higher inventories in top consumer China also weighed.

Ryanair will receive even fewer Boeing aircraft by the end of June than previously expected, CEO Michael O'Leary said on Friday, potentially prompting the budget carrier to cut its summer schedule at the busiest time of the year.

U.S. aluminium producer Alcoa Corp on Monday made a non-binding, conditional buyout proposal for its Australian joint venture partner Alumina, valuing the company at $2.2 billion in an all-stock offer.

German airline Lufthansa said on Sunday it was keen on moving ahead in wage negotiations for thousands of ground crew after labour union Verdi demanded the company offers a higher pay increase aimed at averting more strike action.

FXEmpire.com - Natural Gas Weekly Analysis The U.S. natural gas market has seen a notable shift towards bullish sentiment, driven largely by Chesapeake Energy Corp.’s significant reduction in its 2024 production. This strategic decision, aimed at counteracting the low prices and

India's Go First has received two financial bids as part of its bankruptcy process, said two bankers who attended a meeting of the airline's creditors held on Friday.

Delta Air Lines on Friday urged the U.S. government to allow the carrier to continue its partnership with Aeromexico GRPAF.PK, saying that otherwise it would likely have to cancel nearly two dozen routes.

Air Canada said on Friday that it will cap fares and add more than 6,000 seats in some markets operated by Lynx Air in light of the imminent suspension of operations by the troubled Canadian budget airline.

The nickel price has trended down in 2023. After opening the year at US$30,000 per metric ton (MT), the base metal has fallen to rest just above US$22,000.The Investing News Network spoke to analysts at the end of Q2 to get their thoughts on the metal's performance and what they think will affect it moving forward. They discussed factors such as oversupply, weaker-than-expected demand from China and doubts about the London Metal Exchange after it suspended trading last year.When asked what challenges junior miners in the nickel sector are facing, Wood Mackenzie Principal Analyst Adrian Gardner said major companies are looking to find resources for battery materials. “Junior miners/exploration companies need to hold their nerve and not accept the takeover/equity investment bid from the first offer that comes along,” he added.Below the Investing News Network has listed the top nickel stocks on the TSX and TSXV by share price performance so far this year. All year-to-date and share price data was obtained on August 1, 2023, using TradingView’s stock screener. The top nickel stocks listed had market caps above C$10 million at that time. 1. Sama Resources (TSXV:SME) {"@context":"https://schema.org","@type":"Corporation","name":"Sama Resources","url":"https://www.samaresources.com","description":"Sama Resources Inc is a mineral exploration and development company. Its exploration asset includes Samapleu properties located in the Republic of Cote d'Ivoire, West Africa.","tickerSymbol":"TSXV:SME","sameAs":[]} Press Releases Company Profile Year-to-date gain: 38.46 percent; market cap: C$40.66 million; current share price: C$0.18Sama Resources’ focus is on its Samapleu and Grata project in Côte d’Ivoire, West Africa. The asset, which is made up of two adjoining deposits, is host to nickel, copper, cobalt and platinum-group metals (PGMs) mineralization.The company’s wholly owned subsidiary SRQ Resources has a portfolio of six properties composed of 525 exploration claims in Quebec, Canada, with its primary project being the Lac Brulé nickel-copper-PGMs project. Sama is currently in the process of spinning out SRQ, and Sama’s shareholders will receive shares of SRQ once it begins trading.The company’s share price started climbing in February, moving from C$0.11 on February 6 to C$0.17 on February 24 following the release of drill results from Grata on February 7; according to Sama, they “confirm mineralisation on strike and down dip within the Grata prospect within the newly discovered ultramafic feeder.” One highlight interval from the drilling was 3.45 meters grading 0.63 percent nickel, 2.96 percent copper and 0.78 grams per MT (g/t) palladium within 193 meters grading 0.26 percent nickel, 0.21 percent copper and 0.37 g/t palladium.While it fell back down, Sama’s share price began to climb again in late April, ultimately reaching its year-to-date high of C$0.19 on May 26, the day after the company announced the spinout of SRQ. Its most recent news on the subject came on July 21, when Sama received a final order approving the plan from the Quebec Superior Court of Justice. The company is still waiting on approval from the TSXV.With regards to its project, at the end of June, Sama released an updated mineral resource estimate for the combined Samapleu and Grata deposits. The vast majority of the resource falls into the inferred category, which now totals 101.9 million MT at 0.25 percent nickel and 0.23 percent copper for 25,337 MT of nickel and 23,895 MT of copper. The report also details the cobalt, palladium and platinum resources at the project. Buy now , 2. Power Nickel (TSXV:PNPN) {"@context":"https://schema.org","@type":"Corporation","name":"Power Nickel Inc.","url":"https://www.chileanmetals.com","description":"Power Nickel Inc, formerly Chilean Metals Inc operates as a resource exploration company. It is engaged in the business of acquiring and exploring mineral properties in Chile and Canada. Its projects include Tierra de Oro, Zulema and Lynn, Parrsboro, and Bass River Properties, among others.","tickerSymbol":"TSXV:PNPN","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=32182968&width=980","logo":"https://investingnews.com/media-library/image.gif?id=32182968&width=210"} Press Releases Company Profile Year-to-date gain: 20.51 percent; market cap: C$27.03 million; current share price: C$0.235Power Nickel’s goal is to meet the needs of the battery supply chain by setting itself up to supply high-grade nickel from its flagship Nisk project in Quebec, which it says is being developed into “one of the greenest sources of class-1 nickel in history.” The project, which is under option from Critical Elements Lithium (TSXV:CRE,OTCQX:CRECF), also holds copper, cobalt, palladium and platinum mineralization.Power Nickel’s share price rocketed up early in the year on January 31, when the company partnered with Fleet Space Technologies, an Australian microsatellite operator and developer. According to a release, Fleet Space’s ExoSphere sound-mapping technology will generate data that can be used to create a full 3D image of the subsurface to a depth of 2 kilometers, giving Power Nickel a “clear, rich image of what resources may be below ground” with a turnaround of as short as four days. The company plans to use this data to increase its drilling accuracy and potentially find new deposits.Power Nickel’s share price reached a year-to-date high of C$0.36 on February 21 after climbing through the previous weeks, although it cooled in March and April. The company shared plenty of exploration news in Q2. On April 27, the company released the remaining assays from its 2022 drilling and the first assays from its winter 2023 program, noting that step-out holes at Nisk showed indications of a new mineralized zone. In mid-May, the company discovered a new high-grade copper-PGMs zone at Nisk, which it dubbed Wildcat; the news coincided with a Q2 share price peak of C$0.31. In terms of nickel news, the end of May saw new drill results, including a highlight of 14.4 meters grading 1.01 percent nickel, including 7.8 meters grading 1.69 percent nickel. On June 15, Power Nickel stated alongside further results that the next steps for the project include deploying the aforementioned sound-mapping technology, readying the next stage of drilling and publishing Nisk’s inaugural mineral resource estimate. More recently, on July 20, Power Nickel announced plans to spin out its non-core assets into the new entity Consolidated Gold and Copper to allow it to focus fully on Nisk. At the end of the month, Power Nickel exercised its option to acquire 50 percent of the Nisk project, and shared that it intends to acquire an additional 30 percent through its second option. It will be able to do so following the release of the mineral resource estimate. Buy now , 3. FPX Nickel (TSXV:FPX) {"@context":"https://schema.org","@type":"Corporation","name":"FPX Nickel","url":"https://fpxnickel.com/","description":"Exploring and Developing the High-Margin Baptiste Nickel Project in in Canada\n","tickerSymbol":"TSXV:FPX","sameAs":["https://twitter.com/fpx_nickel"],"image":"https://investingnews.com/media-library/otxqb-fpocf.png?id=27887947&width=980","logo":"https://investingnews.com/media-library/otxqb-fpocf.png?id=27887947&width=210"} Press Releases Company Profile Year-to-date gain: 15.91 percent; market cap: C$142.42 million; current share price: C$0.51FPX Nickel is developing its flagship Decar Nickel District in BC. The property is host to four targets, including the Baptiste deposit and the Van target, the former of which is the company’s primary target. It also has 100 percent ownership of three other nickel projects in BC and one in Canada's Yukon. While FPX is primarily a nickel company, it intends to produce cobalt as a by-product of future nickel mining at Baptiste. On May 17, the company completed hydrometallurgical testwork on Baptiste’s awaruite nickel concentrate using a two stage process with a cobalt solvent and a nickel solvent, achieving extraction of greater than 99 percent for the nickel and cobalt. “The results of our hydrometallurgical testwork program clearly demonstrate the technical advantages of awaruite nickel mineralization to produce battery-grade nickel sulphate, presenting an opportunity to develop a new vertically integrated nickel supply chain in Canada,” said Andrew Osterloh, FPX Nickel’s senior vice president of projects and operations.FPX’s share price spiked on May 30 on news that global stainless steel company Outokumpu (HEL:OUT1V) was investing C$16.08 million in FPX through a private placement financing, resulting in the steel giant owning 9.9 percent of FPX. For as long as Outokumpu holds the shares, the deal gives it the right to negotiate one or more offtake agreements for nickel from Baptiste for up to a total of 60,000 MT, or 7,500 MT per year for eight years.The company’s share price moved from C$0.43 on May 29 to C$0.58 by June 5 — a year-to-date high. FPX’s most recent news came on June 27, when the company announced the completion of all testwork for its upcoming prefeasibility study, which it expects to release in September. According to the release, the updated concentrator flowsheet resulted in Davis tube nickel recovery of 88.7 percent, an increase of 4 percent over 2020 estimates from the preliminary economic assessment. Buy now , 4. Horizonte Minerals (TSX:HZM) {"@context":"https://schema.org","@type":"Corporation","name":"Horizonte Minerals","url":"https://www.horizonteminerals.com","description":"Horizonte Minerals PLC is a United Kingdoms based identification, acquisition, exploration, and development of mineral projects. It engaged in nickel development and mainly focuses on Brazil. It owns and operates the Araguaia Nickel Laterite project located south of the Carajas mining district, northeast Brazil, and the Vermelho Nickel-Cobalt project located in the Carajas region, north-eastern Brazil. The nickel produced by the company is used in stainless steel and electric vehicles. It is principally developing Araguaia as the next nickel mine in Brazil.","tickerSymbol":"TSX:HZM","sameAs":[]} Press Releases Company Profile Year-to-date gain: 12.45 percent; market cap: C$721.16 million; current share price: C$2.71Horizonte Minerals is a nickel and cobalt company focused on developing its wholly owned Araguaia nickel project and Vermelho nickel-cobalt project, both of which are in Brazil’s Pará state. Vermelho, which is currently at the feasibility stage, is anticipated to produce 24,000 MT of nickel and 1,250 MT of cobalt annually. In late January, Horizonte announced the submission of the environmental and social impact assessment for Vermelho to the Pará State Secretariat for Environment and Sustainability. The company said it is targeting the first half of 2024 for when the submissions will be approved by the entity. Horizonte’s share price jumped from C$2.18 to C$2.60 in the week following the news. On July 6, the company received a mining approval permit from the Brazilian regulator for its Araguaia nickel project. This will allow the company to “mine, stockpile, and categorise ore, optimising the consistency of the feedstock.” It plans to carry out stockpiling over the next six months to establish enough ore to feed its plant for the six months following that process. The news led to its share price jumping upward in July, ultimately reaching a year-to-date high of C$2.88 on July 17. Buy now , 5. Nickel 28 Capital (TSXV:NKL) {"@context":"https://schema.org","@type":"Corporation","name":"Nickel 28 Capital Corp.","url":"https://www.nickel28.com","description":"Nickel 28 Capital Corp is a nickel-cobalt producer in Canada. Nickel-cobalt production comes from its joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea provides it with significant attributable nickel and cobalt production thereby offering shareholders direct exposure to two metals that are critical to the adoption of electric vehicles. In addition, the company manages a portfolio of around 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia, and Papua New Guinea.","tickerSymbol":"TSXV:NKL","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=29647895&width=980","logo":"https://investingnews.com/media-library/image.gif?id=29647895&width=210"} Company Profile Year-to-date gain: 8.18 percent; market cap: C$109.22 million; current share price: C$1.19Nickel 28 Capital is a streaming and royalty company that has an 8.56 percent joint venture interest in the Ramu nickel-cobalt operation in Papua New Guinea and royalty agreements for 13 other projects. Nickel 28 is working toward the anticipated full repayment of its debt for the construction of Ramu in 2024, at which point it says it plans to use net cash flow for dividends and distributions.In 2023, the company has been embroiled in a conflict with shareholder Pelham Investment Partners, which made a play to acquire a larger share of the company and influence its direction through a tender offer to minority shareholders. Pelham was ultimately tendered 3.66 million shares by the time the offer expired on April 26, making it the company’s single largest shareholder, and the fund subsequently called on Nickel 28’s board of directors for a change in course to “reestablish shareholder support.” The company’s share price jumped to C$1.25 the same day.On May 3, Nickel 28 shared Q1 operational results for Ramu, which performed at 111 percent nameplate capacity, according to the release. Nickel 28 released further news on May 5, sharing that it had received a list of five director nominees from Pelham, including the fund’s CEO Ned Collery. Its share price rose throughout the week to peak at C$1.70. Days later, Nickel 28 rejected a “with prejudice” settlement offer from Pelham, which included demands such as the resignation of three Nickel 28 directors and the appointment of Collery and two other nominees. In a letter to shareholders ahead of its annual general meeting on June 12, Nickel 28 emphasized that the fund members do not have the necessary expertise to control a mining company. Independent advisor Institutional Shareholder Services concurred with Nickel 28 in its findings, stating that “wholesale removal of the management slate could jeopardize the company's strong shareholder returns delivered since inception.”The Supreme Court of BC ruled that Pelham’s notice for director nominations was not far enough in advance of Nickel 28's AGM to need to be considered at the meeting. However, Nickel 28’s existing board members all received less than majority support at the AGM with around 41.5 percent votes in favor of their reappointment; the remaining votes withheld, aligning with Pelham’s recommendation. As Nickel 28 has a majority voting policy, each member tendered their resignation for consideration as of June 16, at which time the company also announced it had appointed a new independent director, Ian Ross, who will advise on whether the resignations should be accepted. Nickel 28's share price has fallen in the time since then, although it is still up year-to-date. The company’s most recent news came on July 26 in the form of its Q2 operating results for Ramu. During the quarter, Ramu produced 7,784 MT of contained nickel and 717 MT of contained cobalt, a slight decrease from Q1. Buy now , ​FAQs for nickel investing How to invest in nickel? There are a variety of ways to invest in nickel, but stocks and exchange-traded products are the most common. Nickel-focused companies can be found globally on various exchanges, and through the use of a broker or a service such as an app, investors can purchase companies and products that match their investing outlook.Before buying a nickel stock, potential investors should take time to research the companies they’re considering; they should also decide how many shares will be purchased, and what price they are willing to pay. With many options on the market, it's critical to complete due diligence before making any investment decisions.Nickel stocks like those mentioned above could be a good option for investors interested in the space. Experienced investors can also look at nickel futures. What is nickel used for? Nickel has a variety of applications. Its main use is an alloy material for products such as stainless steel, and it is also used for plating metals to reduce corrosion. It is used in coins as well, such as the 5 cent nickel in the US and Canada; the US nickel is made up of 25 percent nickel and 75 percent copper, while Canada's nickel has nickel plating that makes up 2 percent of its composition. Nickel's up-and-coming use is in electric vehicles as a component of certain lithium-ion battery compositions, and it has gotten extra attention because of that purpose. ​​Where is nickel mined? The world's top nickel-producing countries are primarily in Asia: Indonesia, the Philippines and Russia make up the top three. Rounding out the top five are New Caledonia and Australia. Indonesia's production stands far ahead of the rest of the pack, with 2022 output of 1.6 million MT compared to the Philippines' 330,000 MT and Russia's 220,000 MT. Significant nickel miners include Norilsk Nickel (OTC Pink:NILSY,MCX:GMKN), Nickel Asia, BHP Group (NYSE:BHP,ASX:BHP,LSE:BHP) and Glencore (LSE:GLEN,OTC Pink:GLCNF). Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: FPX Nickel is a client of the Investing News Network. This article is not paid-for content.

Ukraine marks the second anniversary of Russia's full-scale invasion on Saturday looking more vulnerable than at any time since the early days of Europe's most deadly conflict since World War Two.