Mutiny Gold Limited: ASX:MYG, a diversified Australian resources company, has announced that it has signed an agreement with Mac Equity Partners Pty. Ltd. to secure the necessary funds to continue aggressive exploration activities at its two flagship Western Australian projects. The two projects are the White Well gold project in the Murchison and the Widgie [...]
Western Areas NL:ASX:WSA, Nickel Sulphide producer, has teamed up with Minara Resources (MRE.AX), a fellow nickel producer, to treat ore from the Spotted Quoll mine, in Western Australia. Minara has the capacity to treat 550 000 t/y of ore and will be fully operational in June. Click here to access the entire news.
The world’s largest nickel supplier suggests it won’t restart idle capacity until prices reach $25,000 per ton Nickel; demand is projected to outstrip supply for the first time in four years; and Brazilian producer Vale’s Canadian plans may be on hold.
By Kishori Krishnan Exclusive To Nickel Investing News Consumers are back to buying. Clear cut indicators suggest that that Americans and most other consumers are able to get their balance sheets in better order these days and so, have gone back to the market. The jobs report too showed signs that the labor market could [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Ben Bernanke’s comments as part of the FOMC’ s statement that the recession in the US is easing increased confidence that demand for metals will strengthen, advancing nickel as much as 8.5 per cent to hit its peak price for 2009. Across the ocean, Germany, the [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Speculation, combined with threatened supplies due to strikes at Vale Inco, has sent the price of nickel on a much needed upswing. On the London Metal Exchange, nickel closed t at US$ 19,100 per tonne in the previous session. Over in India, on the MCX, nickel [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel took part in the base metal’s slide this week; with nickel futures dropping from cash buyer $15,600 per tonne on the LME last Friday, to $14,950 per tonne on Tuesday’s close. The sharp losses in futures values hit all the base metals as another round [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Demand for nickel scrap lost its luster among offshore buyers in January, sinking to its lowest level in more than three years. Nickel prices have rallied as much as 14 per cent since the start of the month, but are likely to remain volatile. Analysts predict [...]
By Leia Michele Toovey- Exclusive to Nickel Investing NewsAt last week’s G20 summit, world leaders gathered and pledged their support to take bold steps to lift the global economy. The summit’s host- UK Prime Minister Gordon Brown claimed the meeting marked the emergence of “A New World Order.” Together the leaders unveiled a $1,100 bn [...]
Ajay Kedia, managing director of Kedia Commodities stated that nickel futures are likely to trade bullish in the next few sessions. For full story, click here
Friday, May 21, 2010