Vila Times

Demand for nickel in New Caledonia could return

Demand for nickel in New Caledonia could return
Demand for nickel in New Caledonia could return
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Australia’s controversial mining magnate Clive Palmer has said he intends to resume importing nickel from New Caledonia, possibly before the end of this year.

Earlier this month, the Queensland businessman announced plans to reopen his Townsville Nickel Refinery that collapsed two years ago, owing hundreds of millions of dollars, Pacific Beat reports.

Clive Palmer has revealed that his company, QNI Resources, wants to import 2 million tonnes of nickel each year from New Caledonia and he plans to visit the French territory within 6 months to begin scoping for new trade deals.

It comes at an uncertain time for the sector with global markets in recent days spooked by the escalating trade war between the US and China.

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