CENTRAL/SOUTH AMERICA STORIES

Betting on a rebooted nickel market

Jeremy Martin, CEO of Horizonte Minerals, has said his US$8 million acquisition of the Glencore Araguaia nickel project in Brazil was a “game changer”, and predicated on the price of the base metal reverting closer to its 10-year average of $19,000/t, against today’s $10,000/t.

Brazili nickel (pictured) ... good times ahead?

Brazili nickel (pictured) ... good times ahead?

In an interview with Mining Journal, Martin also said by combining Glencore’s property with Horizonte’s adjacent asset, also called Araguaia, the enlarged operation would lift the ore grade to a near top-of-the-market...

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