Nickel traded at $10,000
Rise in warehouse stocks and concerns over future demand for industrial metals capped any major advances. Nickel traded at $10,000 from $10,300 on Thursday. For full story, click here
Archive for November, 2008
Exploration Updates from Nunavik Nickel Project
Canadian Royalties Inc. announced the discovery of a new zone of Nickel-Copper-PGE mineralization on the Cominga grid, located 5 kilometres west of the Expo complex. For full story, click here
Jinchuan cuts nickel EXW price by CNY 6000 per tonne
Jinchuan Group Limited has lowered its ex works price by CNY 6000 per tonne to CNY 90000 per tonne, down from its previous nickel price of CNY 96000 per tonne. For full story, click here
Sumitomo Metal Mining jumps 14.8 percent
Sumitomo Metal Mining Co Ltd jumped 14.8 percent to 690 yen after it said it would buy back up to 10 billion yen worth of its own shares, or 2.8 percent of the outstanding shares. For full story, click here
Nickel lost 1.9 percent to $9,760
The LME-traded metals, nickel lost 1.9 percent to $9,760. For full story, click here
Mining giants feel the pinch
By Leia Michele Toovey- Exclusive to Nickel Investing News The mining giants that feed the world’s appetite for iron, copper and other industry staples earned piles of money as commodities prices soared the past. Now, they are facing a much different situation. Across the board metals prices have plunged. Right now on the London Metal [...]
Nickel has seen largest cuts
Production cuts and deferred or cancelled investments are a way for producers to respond to falling prices, Nickel has seen the largest cuts. For full story, click here
Nickel prices have started to show signs of stability
World prices of nickel have started to show signs of stability after a recent slump, Brazil’s mining giant Vale said, adding that it was unclear if this was sustainable. For full story, click here
Xstrata mines closing early over prices
Crash in nickel prices is forcing Xstrata PLC to close its only two operating mines in Sudbury earlier than expected, raising questions about the viability of a pair of new mines planned for next year. For full story, click here
Is nickel good for long-term investor?
The prospects for nickel companies and current historically low share prices could be either a good opportunity for the long term investor, or best watched from the sidelines until clarity prevails. For full story, click here
