Nickel 28 Reports 811 Tonnes of Cobalt Production and 881 Tonnes of Sales at Ramu in Q2

Published: Sep 28, 2026 13:27 (GMT+8)

Save

According to Nickel 28 on September 21, the Ramu nickel-cobalt integrated operation in Papua New Guinea, in which the company holds an 8.56% joint-venture interest, produced 811 tonnes of contained cobalt in MHP during the second quarter of 2026 and sold 881 tonnes.

During the same period, contained nickel production reached 8,234 tonnes, while sales totaled 8,967 tonnes. Nickel 28 said Ramu maintained solid operating performance during the quarter. Higher sulphur prices increased operating costs, but this was partly offset by relatively strong nickel and cobalt prices, solid production and sales volumes, and favorable payability levels.

The company expects second-half production and sales to remain broadly in line with the first half, while nickel and cobalt prices, payability levels and sulphur costs will remain key factors affecting profitability.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 mins ago

6.5 Billion Yuan! A Lithium Battery Anode Material Project with an Annual Output of 600,000 mt Makes New Progress

The total investment of the project is 6.5 billion yuan, with 12 new box furnace production lines and 20 crucible furnace production lines, along with supporting auxiliary and ancillary production facilities, utility stations, and integrated environmental protection treatment facilities.

14 mins ago

39 mins ago

Aeternum to Acquire 100% of Nkamouna Cobalt-Nickel-Manganese Project Platform

According to Aeternum Resources on September 25, the company has entered into an agreement to acquire 100% of American Renaissance Minerals, the project vehicle advancing the Nkamouna cobalt-nickel-manganese project in Cameroon. ARM is currently working with the Cameroonian government toward the award of a new mining permit for the project. Aeternum previously held an option to acquire a 51% interest in ARM, but the new transaction will give it full ownership of the project vehicle upon closing, which is expected in the fourth quarter of 2026. Nkamouna is described by the company as one of the world’s largest undeveloped cobalt-nickel-manganese projects. The transaction is expected to simplify the ownership structure and provide a clearer platform for future permitting, financing and project development.

39 mins ago

40 mins ago

Glencore Partners with U.S. EXIM-Backed Strategic Critical Minerals Reserve

According to Glencore on September 23, the company has been selected by the U.S. government as a founding partner of VaultCo, a strategic critical minerals reserve designed to strengthen U.S. supply-chain resilience. Under the arrangement, the Export-Import Bank of the United States will provide US$500 million in financing, while Glencore will use its global sourcing and marketing network to procure, store and deliver critical minerals and base metals for VaultCo. Glencore is a major global producer and marketer of cobalt, with key copper-cobalt assets in the DRC including KCC and Mutanda. Although the announcement did not specify cobalt volumes, Glencore’s participation further links its global critical mineral supply network with the U.S. strategic stockpiling system.

40 mins ago