Samsung SDI invests in Canada Nickel, has right to buy 10% of Crawford project
The South Korean battery maker can acquire a 10% equity interest in the Crawford project for $100.5 million.
The global nickel market had a surplus of 23,900 metric tons in September, up from a surplus of 14,200 tons in the same month of last year, data from the International Nickel Study Group (INSG) showed on Wednesday.
That compares with a surplus of 15,300 metric tons in August 2023.
During the first nine months of 2023, there was a surplus of 155,000 tons versus a surplus of 60,500 tons in the same period of last year, the data showed.
(By Deep Vakil)
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