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    Nickel and cobalt projects in Q1: key capex and ramp-up signals for mine planners

    May 6, 2026|

    Reviewed by Joe Ashwell

    Nickel and cobalt projects in Q1: key capex and ramp-up signals for mine planners

    First reported on Australian Mining

    30 Second Briefing

    Nickel and cobalt developers advanced several projects in the March quarter, with IGO progressing downstream refining options for its Nova and Cosmos assets and BHP continuing ramp-up and debottlenecking at the 100,000tpa Kwinana nickel refinery. Australian laterite projects moved to tighten economics via updated feasibility work, higher-grade ore scheduling and revised capex for HPAL circuits, while multiple juniors signed offtake MOUs with Asian battery manufacturers to secure financing and integrate into precursor cathode active material supply chains.

    Technical Brief

    • Nickel and cobalt developers have continued to advance refining strategies, optimise project economics and strengthen critical minerals supply chain partnerships …

    Our Take

    The strong project and contract-award focus for Australian nickel and cobalt sits alongside Australian Mining’s recent coverage of METS exporters (e.g. Austmine’s US push), implying that domestic critical minerals developments are being leveraged as a showcase market for local technology and services abroad.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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