By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel was down US$350 to US$16,650 at India’s Multi Commodity Exchange, MCX, on Monday.The benchmark September nickel MNKU8 was down 1.27 per cent at Rs 774.5. Nickel October contract was trading down 0.38 per cent at Rs 796.50 a kg. It opened at Rs 810.80 as compared [...]
Read the full article: "Stainless steel manufacturers using less..."
Wednesday, September 24, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News London Metal Exchange (LME) Nickel started the week on a sour note, continuing with the low levels that it had hit at the end of last week. Nickel’s drop came in as stockpiles in warehouses monitored by the LME advanced 378 tonnes to 51,864 tonnes, the highest [...]
Read the full article: "Nickel rests at four year low"
Monday, September 22, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News As last week came to a close, Nickel futures took their biggest weekly fall in almost four years. On India’s Multi Commodity Exchange, MCX, the benchmark September expiry contract nickel for delivery in three months plummeted by Rs 73 to Rs 742 a kg, compared to [...]
Read the full article: "Nickel takes the biggest plunge in four years"
Wednesday, September 17, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel has witnessed a year of poor performance, with a decline in stainless steel demand to blame. Towards the end of last week, though, things started looking up for nickel and the commodities in general, as buoyant metal prices sparked a strong rally in mining shares. The market responded [...]
Read the full article: "Weak nickel demand expected to extend..."
Monday, September 15, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices tumbled more than 5 per cent on Monday as investors sold-off metals amid financial turmoil after Lehman Brothers filed for bankruptcy. The decline in the U.S. dollar failed to compensate for the Lehman instigated sell-off flurry. Analysts, however, are urging investors to sit tight [...]
Read the full article: "US dollar drop fails to lift nickel in light..."
Sunday, September 14, 2008
Zambia’s only nickel mine is stockpiling nickel and cobalt concentrate to export to China before the end of the year. Australia’s Albidon Ltd., which owns the Munali Nickel Mine in southern Zambia, said: The mine, which started underground ore production in January, has so far stockpiled 134,662 tonnes of ore. For full story, click here For [...]
Read the full article: "Zambia’s Munali Nickel mine to start..."
Sunday, September 14, 2008
Cuba’s nickel industry has restarted some production after being damaged by Hurricane Ike a week ago. Basic industry Minister Yadira Garcia said: The state-owned Pedro Sotto Alba plant in Moa Holguin was operating and another state-owned plant in Nicaro Holguin was preparing to open. For full story, click here
Read the full article: "Cuba restarts some nickel production after..."
Wednesday, September 10, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures fell on Wednesday after Cuba announced that its nickel operations escaped the wrath of Hurricane Ike. Production in the region was halted on Sunday before Ike made landfall with 195-kph winds in the eastern province of Holguin, where the mines and plants are located. [...]
Read the full article: "Nickel futures fall as Cuban nickel..."
Monday, September 8, 2008
FALCONBRIDGE DOMINICANA, a unit of XSTRATA NICKEL, has closed operations at its ferronickel producer due to weak market conditions. Xstrata says: The shutdown will last four months during which time the furnace will be repaired and other critical maintenance tasks undertaken. For full story, click here
Read the full article: "FALCONBRIDGE DOMINICANA suspended operations"
Monday, September 8, 2008
Lithic Metals and Energy (AIM:LMY) reported assay values up to 6.38% Nickel and 0.34% Cobalt in test pits completed over the Kpoté hill nickel project, Togo. For full story, click here For company’s website, click here
Read the full article: "Lithic reported nickel results at Kpoté"
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Monday, September 29, 2008