With other base metals reacting positively to last week’s results from the European Bank stress tests, nickel prices started the week flat. But, if demand for nickel is soft in the short-term, analysts believe it will be temporary as the supply-demand balance continues to improve.
The global nickel market will be in a slight deficit this year, reports metal consultant Metalytics Ltd, as demand is driven by increases in the steel market.
On April 30, 2010, Belvedere Resources Ltd. BEL:TSX-V (“Belvedere”) of Vancouver, British Columbia decides to make private placement to raise C$ 4 million at C$ 0.15 per common share with no warrants attached for a maximum of 26.67 million shares. The press release is quoted as saying: “The agent, London stockbrokers Ocean Equities Ltd., will [...]
Nickel prices hit a 21-month high Wednesday, up 34.9 percent over the first quarter. Some analysts believe this trend will continue with expectations of stronger demand from stainless steel mills.
The world’s largest nickel supplier suggests it won’t restart idle capacity until prices reach $25,000 per ton Nickel; demand is projected to outstrip supply for the first time in four years; and Brazilian producer Vale’s Canadian plans may be on hold.
By Kishori Krishnan Exclusive To Nickel Investing News The Euro has bounced back. London trade base metals on Friday were just that wee bit higher, with indicator charts registering the slow but sure climb of nickel. Dow Jones reported that 3-month nickel ended the day at $9.40/lb, a new high for 2010 and a gain [...]
By Kishori Krishnan Exclusive To Nickel Investing News The smiles are back. Despite persistent worries over Greece’s debt woes, European shares bounced back on Monday and miners tracked firmer metals. Though we could be a long way off from a solution to the underlying cause of the current tension, and there remains a significant risk [...]
By Kishori Krishnan Exclusive To Nickel Investing News Consumers are back to buying. Clear cut indicators suggest that that Americans and most other consumers are able to get their balance sheets in better order these days and so, have gone back to the market. The jobs report too showed signs that the labor market could [...]
By Kishori Krishnan Exclusive To Nickel Investing News Nickel prices are on an upswing. Eager to strike when the iron is hot, miners in the midst of labor disputes, are all in a tizzy to get the show on the road. Like Vale Inco’s Canadian operations. Striking workers at Vale’s nickel-copper-cobalt mine in Voisey’s Bay [...]
By Kishori Krishnan Exclusive To Nickel Investing News The signs are clear. Nickel is on a comeback trail. The fallout from the financial crisis that afflicted the world economy saw nickel prices fluctuate wildly. LME prices peaked at just over US$ 52,000/t in May 2007, on the back of strong demand and low stocks, but [...]
Tuesday, July 27, 2010