The stainless steel market remained calm with futures declining and the pace of shipments slowing down [SMM Stainless Steel Spot Daily Review]

Glencore Sudbury Integrated Nickel Operations (INO) mine rescue team won the overall champion title at Ontario Mine Rescue 2026 competition, which ended 12 June in Sudbury, beating seven other provincial teams. The mock-emergency scenario, staged at Magna Mining Podolsky Mine—a historical property under care and maintenance—simulated teenagers trespassing into an abandoned site, testing teams on oxygen-deficient air, opioid-overdose response with Narcan, rope rescue and a vehicle fire using a Compressed Air Foam System. This is a workplace-safety and community item with no nickel market or pricing relevance.

PT Central Omega Resources (DKFT), an Indonesian nickel miner, told the IDX it will submit an RKAB revision in July to secure additional nickel ore quota, after its initial 2026 allocation was cut by about 35%. The company still targets 9.5% net profit growth to IDR 629 billion for 2026, and has trimmed its ore sales target to 1.9 million mt from 3.02 million mt realized in 2025, while optimizing output toward 4 million mt. In Q1 2026, ore output fell about 44% YoY and sales about 19%, yet revenue rose around 20% to IDR 506 billion and net profit jumped 72.9% to IDR 238 billion—price and margin gains offsetting RKAB-driven volume cuts. The July RKAB outcome is the swing factor for the full-year target.

Fathom Nickel (CSE: FNI) informó que la perforación de la Fase 2 en su proyecto Gochager Lake en Saskatchewan, Canadá, identificó dos nuevas zonas de mineralización de níquel-cobre-cobalto alojada en gabro, aproximadamente 100 metros al noreste y 150 metros al suroeste del depósito histórico. Las intersecciones, guiadas por la técnica electromagnética en el sondeo (BHEM), presentaban pentlandita y calcopirita visibles en sulfuros semi-masivos a diseminados, consistentes con el estilo del depósito histórico. Con aproximadamente dos tercios del programa de 3.000 metros completados, se prevé que la perforación finalice para el 30 de junio, y los resultados de los ensayos se esperan a principios de agosto. Las leyes aún no se han reportado, por lo que el resultado es una expansión de la huella más que una actualización de recursos; los ensayos de agosto serán el próximo catalizador para este explorador norteamericano de sulfuros magmáticos.