Toledo Ships Nickel Ore to China
IBTimes reported Toledo (PINK:TLMRF) announced the MV Vinalines Queen has sailed for China with 53,600 wet metric tonnes of nickel ore.
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.
Reuters reports that nickel prices rose as stockpiles reached their lowest level since March 2009.
Reuters reports China's Jilin Ji En Nickel Industry (SHA:600432) is looking to raise up to 6 billion yuan ($928 million) via a private placement.
CNBC reports that Vale (NYSE:VALE,SAO:VALE5) has been outbid by Jinchuan Group (FRA:GDZD,ETR:GDZD) for Metorex (JNB:MEMTX,PINK:MRXLY).
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