Platts declared that Mirabela Nickel is planning another round of capital surging to pay for cost overruns at its flagship Santa Rita nickel project in Brazil. For full story, click here
Platts declared that Mirabela Nickel is planning another round of capital raising to pay for cost overruns at its flagship Santa Rita nickel project in Brazil. For full story, click here
Nickel prices are trading strong due to higher equities and a strike at Brazilian miner Vale`s Canadian nickel operations also supported the market sentiment. For full story, click here
Mining Reporter Major nickel mining operations in Sudbury, Ont., will come to a standstill for the first time in more than a century this summer after Brazil’s Vale Inco revealed its plans to shutter its Sudbury mines and smelters for two months. For full story, click here
By Leia Michele Toovey-Exclusive to Nickel Investing News Nickel was one of the worst performing commodities last year, sinking from more than US $33,000 a tonne in March to below US $9,000 in October due to lower demand from steel makers. Late in the year, the industry was hit with a bunch of cutbacks- cutbacks [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News This week, the base metals have remained range bound, waiting for cues from OPEC Decision, and the conclusion for the proposed auto bailout. After the Federal Reserve issued yet another rate cut that sent the dollar reeling, the base metals were steady. On India’s Multi Commodities Exchange [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News The sharp retreat in the price of nickel in 2008 as demand from the key stainless steel sector plummeted has forced several producers to curb output or defer projects. So far, in 2008, and extending into 2009, mines in Australia, Canada, Finland, Africa and Asia have [...]
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
By Leia Michele Toovey- Exclusive to Nickel Investing News The industrial metals experienced an early week price lift backed by stock market momentum from China’s stimulus plan. Further impetus to the metals came by way of a pledge by the G20 group to take all necessary measures to get financial markets back on their feet. [...]
By Leia Michele Toovey – Exclusive to Nickel Investing News Nickel posted a slight gain this week, with three-month nickel adding $270 to hit $18,320 a tonne. This is a modest rise, as nickel prices have plummeted this year due to weak demand from stainless steel makers. The inching up of prices was possibly promoted by the [...]
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