5 Nickel Companies on the Move

Nickel prices have rallied overall this year, so it's no surprise that nickel mining companies have been working hard to take advantage of the market.

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Company News

Balmoral Resources is Quebec Prospector of the Year

Balmoral Resources (TSX:BAR,OTCQX:BALMF) has been recognized as "Prospectors of the Year" in the province of Quebec. This is the second consecutive year that Balmoral's exploration team has been recognized.

North American Nickel Reveals New Spotty Hill Assays

North American Nickel Inc. (TSXV:NAN,OTCBB:WSCRF) announced new assay results from the Spotty Hill prospect, which is part of the Imiak Hill Complex, located at the company's Greenland-based Maniitsoq project.

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Market News

Monsoon Season Set to Disrupt Philippine Nickel Mining

Seasonal rains over the next four months are set to disrupt nickel mining in the Philippines and stoke a shortfall in the global supply of the commodity as well as hurt China's supply of the metal.

Nickel Declines on Demand Concerns

Bloomberg reported that nickel prices recorded losses today on concerns related to the strength of the U.S. dollar and weaker demand for commodity investments. Three-month nickel lost 0.3 percent to $17,859 a metric ton by 1:17 p.m. on the London Metal Exchange.

Nickel Prices Weaker on Record Inventories

Reuters reported on Monday that nickel prices had hit a three month low to start the week. The base metal dropped after LME inventories hit a record high, while slowing factory output from China raised fears of decreased demand.

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