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    Tag: Sulphuric Acid

    Chile’s lawmakers to investigate Codelco

    Members of the lower house in Chile’s Congress have unanimously approved creation of a special investigative commission to examine a series of alleged irregularities at state-owned copper producer Codelco. The issues are: overestimation of production by almost 27,000 t last year; a multimillion-dollar renovation of the company’s headquarters in Santiago; and, maybe, the collapse of a chimney at Potrerillos copper smelter in the Atacama region of northern Chile. The structural failure has forced a production suspension.

    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.

    Price Trends

    The global sulphur market has entered a holding pattern, as a wave of bearish sentiment has so far failed to move stubbornly high spot prices. The departure of a significant volume of product from the Middle East has emboldened buyers and shifted market sentiment firmly towards bearish, but at time of writing this has so far failed to translate into lower prices. With sellers in no hurry to lower prices and spot availability still tight, the market has stalled as both sides wait for the other to blink first.