What is the purpose of BNDES's 100 million Brazilian real financing for Piauí Níquel Metais SA?

BNDES's machinery and services unit is providing 100 million Brazilian real ($19.6 million) to finance the purchase of equipment and services needed to produce high-quality nickel and cobalt mixed hydroxide precipitates (MHP) at the Capitão Gervásio Oliveira plant in Piauí state.

What are the expected production capacity and timeline for the Piauí Níquel Metais project?

The project is expected to start annual production of 27,000 metric tons of nickel and 900 metric tons of cobalt in 2028, with commercial production—and MHP exports averaging 48%–50% nickel and 2% cobalt—beginning in 2029.

UK-owned Brazilian Nickel Secures Brazil State Financing for Nickel Processing

Jul 15, 2026

BNDES has approved $19.6 million financing for UK-owned Brazilian Nickel Plc to process high-grade nickel and cobalt at its Piauí plant. The facility aims to supply battery and stainless steel industries with commercial production expected by 2029.

chemweek

2026-07-15

UK-owned Brazilian Nickel Secures Brazil State Financing for Nickel Processing

UK-owned Brazilian Nickel Secures Brazil State Financing for Nickel Processing

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