Royal Nickel’s Mark Selby: Market Will Turn in 2015

"Our belief is this year is the turn in the [nickel] market, and then we're going to head into a multi-year structural shortfall in supply," Selby told Resource Investing News at PDAC.

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Company News

Norilsk Nickel Plans to Buyback $500m shares

Mineweb reported that Russia’s Norilsk Nickel (MCX:GMKN) plans to buy back up to $500 million of its shares in 2015, after earnings of last year were raised due to a weaker rouble and higher metals prices.

International Montoro Begins Drilling Nickel Anomaly

International Montoro Begins Drilling Nickel Anomaly

International Montoro Resources (TSXV:IMT) has started its 1000m+ drill program at the Pecors nickel anomaly in the Serpent River property in Elliot Lake, Northern Ontario.

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Market News

Nickel Price Nears Lowest Level in a Year

Bloomberg reported that the nickel price was near its lowest level in a year on Friday on the back of increased global oversupply.

Nickel Price Fluctuates as a Matter of Timing

Reuters reported that the nickel market is dependent on the timing of a variety of factors, such as cost opacity in China, new supply dynamics in Indonesia and elsewhere and the evolution of LME stocks.

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