Category: Products

Nickel Asia Corp. (NAC) says that it has completed the sale of its 15.6% stake in Coral Bay Nickel Corp. to its Japanese partner Sumitomo Metal Mining. Nickel Asia says that the sale has been due to “unfavourable market conditions” for the high pressure acid leach (HPAL) nickel processing plant. Although Coral Bay is regarded as one of the most efficient HPAL units in the world, nickel prices have been extremely volatile over the past few years and stood a 4-year lows in January at around 15,000/t, their lowest level since September 2020. Nickel Asia still owns a 10% stake in the Taganito HPAL Nickel Corp.

SKW Piesteritz cut production and closed one of its two ammonia plants indefinitely in mid-January.

ATOME has secured a non-binding agreement from Hy24 to invest $100-115 million in its flagship Villeta green fertiliser project in Paraguay.

Price trends and market outlook, 20th February 2025

Hulunbeier New Gold Chemical Co has selected Stamicarbon to revamp a urea plant in Hulunbuir, northeastern Inner Mongolia.

Grupa Azoty has started production of a new sulphur-enriched fertilizer at its Police complex in Poland.

The Mosaic Company has announced the sale of its Patos de Minas phosphate mine to Fosfatados Centro SPE Ltda.

Misr Phosphate has started to export phosphate rock with a low dust content via the port of Damietta on Egypt’s Mediterranean coast.

Ammonia markets saw a slow start to 2025, with further transparency needed on both sides of the Suez to determine the extent to which prices are expected to fall through January amid healthy supply and only limited pockets of demand.

A foundation laying ceremony attended by Qatar’s Deputy Amir Sheikh Abdullah bin Hamad Al Thani has been held at Qafco’s new blue ammonia facility at Mesaieed Industrial City on Qatar’s east coast. The plant, which is scheduled to be completed in 4Q 2026, will be the largest blue ammonia facility in the world. Speaking at the ceremony, energy minister Saad Sherida Al-Kaabi said the facility will have a capacity of 1.2 million t/a, along with CO2 injection and storage facilities with a capacity of 1.5 million t/a. QatarEnergy will also provide the new plant with more than 35 MW of electricity from the solar power plant currently being built in Mesaieed. Completion of the complex will see Qatar become the world’s largest exporter of urea, producing 12.4 million t/a, according to Qafco.