Nickel Investing News

Global Nickel Surplus at 31,700 MT in First Four Months of 2013

Charlotte McLeod — Wed, 19 Jun 2013 18:36:03 +0000

MENAFN reported that from January to April of this year, there was a global nickel surplus of 31,700 metric tons, according to the World Bureau of Metal Statistics.

Nickel Prices Hampered by Nickel Pig Iron Innovations

Charlotte McLeod — Wed, 19 Jun 2013 18:30:37 +0000

The Economic Times reported that technical innovations have pushed the break-even cost for nickel pig iron produced via rotary kiln electric furnace (RKEF) in China down to $12,500 per metric ton, meaning that nickel prices, which are already low, could fall further.

PolyMet Mining Provides Update on Rights Offering

Gretchen Cruz — Wed, 19 Jun 2013 15:55:56 +0000

PolyMet Mining Corp. (TSX:POM) is responding to questions from shareholders who have not yet received the materials in regards to the rights offering distribution that was announced on June 11, 2013. Included in these materials are a prospectus and notification of the rights.

Jinchuan Group Cuts Benchmark Nickel Price

Charlotte McLeod — Tue, 18 Jun 2013 17:43:12 +0000

MetalBulletin reported that Jinchuan Group, China's largest nickel producer, has cut its benchmark nickel price to 102,000 yuan ($16,563) per metric ton following a decline in London Metal Exchange prices.

Australian Miners Threatened by Low Nickel Prices

Charlotte McLeod — Tue, 18 Jun 2013 17:35:58 +0000

ABC reported that independent analyst Tim Treadgold believes that nickel mines in Australia's Goldfields-Esperence region may have to close if the metal's price does not improve.

Jinchuan Nickel Prices Up in Afternoon Trade

Charlotte McLeod — Fri, 14 Jun 2013 17:38:39 +0000

Shanghai Metals Market reported that after falling to 102,500 to 102,700 renminbi per metric ton (MT) this morning, Jinchuan nickel prices later rose to 102,800 renminbi per MT.

SRB Nickel Purchasing May Produce Short-term Price Rise

Charlotte McLeod — Thu, 13 Jun 2013 11:00:57 +0000

China's State Reserves Bureau has purchased nickel for the first time since 2009. While that is not likely to impact prices for the metal in the long term, a short-term rise is expected.

LME Spot Nickel Closes at $14,850 per MT Tuesday

Charlotte McLeod — Wed, 12 Jun 2013 17:52:28 +0000

MetalMiner reported that the nickel spot price fell 1.3 percent on Tuesday, closing at $14,850 per metric ton (MT) on the London Metal Exchange (LME). Nickel for three-month delivery fell to $14,945 per MT on the LME, a 1.1 percent decline.

North American Nickel Samples Show High Nickel Recovery Potential

Charlotte McLeod — Tue, 11 Jun 2013 19:17:34 +0000

North American Nickel Inc. (TSXV:NAN,OTCBB:WSCRF) announced that it has received the results of mineralogical studies performed on three mineralized drill core samples from its Greenland-based Maniitsoq nickel-copper-cobalt-platinum-group elements sulphide project. All the samples show high potential for nickel recovery.

North American Nickel’s Reports High Potential for Nickel Resovery at Maniitsoq Project

Pia Rivera — Tue, 11 Jun 2013 18:54:01 +0000

North American Nickel Inc. (TSXV:NAN,OTCBB:WSCRF) received a report on the results of mineralogical studies performed by SGS Canada Inc. on three samples of mineralized drill core selected by NAN from NAN's 100% owned Maniitsoq Ni-Cu-Co-PGE sulphide project in southwest Greenland. Highlights of the report include all samples showing high potential nickel recovery, and potential recoveries for copper across the samples.