Mr Yang Xinmin GM of Wuxi Tianmai Metalwork Co Limited said: The shaky nickel market indicates an easing of stainless cost pressure. The LME future nickel went blow USD 20000 per tonne previously and is recovering, but the stainless price remains in the downward course. The nickel price is expected with further declining room, with [...]
Read the full article: "Shaky nickel market indicates an easing of..."
Friday, August 29, 2008
Indonesia’s Aneka Tambang Tbk revised its nickel sales target up by nearly 6 percent for 2008 from an earlier target to increase revenue. Antam President Director Alwin Syah Loebis said: The company now plans to sell 18,000 tonnes of ferro-nickel this year, up 5.88 percent from an initial target of 17,000 tonnes. For full story, [...]
Read the full article: "Antam revises sales target"
Wednesday, August 27, 2008
By Leia Michele Toovey-Exclusive to Nickel Investing News In most of 2008, nickel prices have taken a battering, as a weakening US currency, steeply rising prices of oil and gold, and shrinking stainless steel demand have extended losses. LME nickel prices started their rapid descent in July 2008. From beginning to mid August, prices rested in the [...]
Read the full article: "Analysts optimistic about nickel’s future"
Tuesday, August 26, 2008
Victory Nickel reported that it has received unsolicited written support from Ryan Kalt, an Independent Nickel shareholder and respected Canadian entrepreneur, for its offer to acquire Independent Nickel. For more information, click here
Read the full article: "Independent’s sharesholder support..."
Tuesday, August 26, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News Xstrata, the world’s fourth-largest producer of nickel, has suspended production at its plant in the Dominican Republic. This announcement led to supply concerns. The resultant speculative buying caused nickel futures to surge 1.23 per cent on India’s Multi-Commodity Exchange, the MCX, on Monday. The most-active October contract [...]
Read the full article: "Production cuts revive nickel futures"
Monday, August 25, 2008
First Nickel reported financial results for Q2 and H1 2008. For more information, click here For company’s website, click here
Read the full article: "First nickel announces results"
Monday, August 25, 2008
Commander Resources Ltd. commenced drilling on nickel targets in Labrador. The company said: It has commenced a diamond drilling program on the South Voisey’s Bay nickel properties in Central Labrador. For full story, click here For company’s website, click here
Read the full article: "Commander commences drilling on nickel..."
Monday, August 25, 2008
The average prices of LME nickel in July 2008 declined to the lowest levels since May 2006 and renewed the lowest record in this year. For full story, click here
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Wednesday, August 20, 2008
Victory Nickel Inc. announced that it has scheduled a conference call to discuss and answer questions regarding its offer for all the outstanding common shares of Independent Nickel Corp. For more information, click here
Read the full article: "Victory schedules conference call to discuss..."
Wednesday, August 20, 2008
About a year ago, nickel was the superstar of the commodities boom, trading at record levels above $23 (U.S.) a pound. Today, nickel miners are reeling from a harsh dose of reality as declining prices and rising costs have prompted a series of project cancellations and delays. An analyst was quoted as saying: We’re getting back to earth here. For more information, click [...]
Read the full article: "Nickel projects on ice due to declining..."
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Friday, August 29, 2008