President of Baosteel’s Stainless Steel Business Unit, Lou Dingbo said on Wednesday that nickel demand is expected to rise by 5 percent in 2010 due to China’s clear cut stainless steel consumption. Click here to access the entire news
By Kishori Krishnan Exclusive To Nickel Investing News Nickel prices recently recovered from a seven week-low, but obviously not enough for Canadian mineral exploration company Crowflight Minerals Inc (CML.TO) which has decided to down shutters at its Bucko Lake nickel mine in Manitoba for three months. Around 45 employees are to get the pink slip, [...]
China’s Jilin Jien Nickel Industry and Canada’s Goldbrook Ventures have launched a joint tender offer to acquire mineral explorer Canadian Royalties. For full story, click here
Jilin Ji En Nickel Industry Co., Ltd., a key nickel mining and refining company in China, declared that it bought 38.5 million common shares in Victory Nickel Inc., 14.7 percent of its capital Stock, from Nuinsco Resources Ltd. For full story, click here
China’s Jinchuan Group Ltd. will take a stake of about 51 percent in Zambia’s sole nickel mine Munali, which is due to resume output in September after stopping in March due to low prices, Zambia’s mines minister said. For full story, click here
It is declared that China’s Jinchuan Group Limited will take a stake of about 51% in Zambia’s sole nickel mine Munali which had halted production since this Mar forced by the dipping price of nickel ore. For full story, click here
China’s Jinchuan Group Ltd. will take a stake of about 51 percent in Zambia’s sole nickel mine Munali, which is due to resume output in September after stopping in March due to low prices, Zambia’s mines minister said. For full story, click here
Mining Journal declared that China Minmetals Corp, the nation biggest metals trader is studying the restart of the Avebury nickel mine in Australia after a rebound in prices. For full story, click here
As per CPM Group, nickel will average 6% higher in the fourth quarter than previously forecast after a strike at Vale SA and surged imports by China. For full story, click here
Banggai district in Southeast Sulawesi has exported 189,056 metric tons of nickel to Australia and China over the past two years until the first semester of this year. For full story, click here
Wednesday, May 26, 2010