Platts reported China's Jilin Nickel expects to start its 11,700 mt/year nickel mine in Quebec, Canada, by 2012.
Bloomberg reported China’s production of nickel pig iron should increase to at least 300,000 metric tons next year.
Reuters reported a financial firm backed by a Chinese bank plans to launch China's first physical-nickel backed exchange-traded fund (ETF) later this year.
IBTimes reported Toledo (PINK:TLMRF) announced the MV Vinalines Queen has sailed for China with 53,600 wet metric tonnes of nickel ore.
Bloomberg reported orders to remove nickel from stockpiles climbed to the highest level in almost two weeks because of stronger Chinese demand.
Reuters reports base metals fell as weak export orders from China and surveys showing weak European manufacturing activity deepened worries.
Platts reports Jinchuan Group (HKG:2362) raised domestic prices for the two grades it offers by a further Yuan 2,000/mt ($314/mt), or about 1.2%.
Is there a connection between nickel's price movements and the developments in the copper market? Nickel Investing News asked Wayne Atwell, Managing Director and Senior Metals Analyst for Rodman & Renshaw.
Mineweb reports an interview with Andrew Mitchell who says the future of nickel is reliant on China and how the country develops.
Bloomberg reports nickel surplus may narrow on increasing stainless-steel demand from China and stalled mining projects have lowered prices.
Wednesday, October 12, 2011