The Fed’s Quantitative Easing May Boost Commodity Prices
Financial Review reported the United States Federal Reserve’s open-ended quantitative easing program is anticipated to boost commodity prices as nickel outshines gold.
Articles Tagged "commodity"
Nickel makes a comeback
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 [...]
Vale strikes continue to drive LME nickel prices
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 [...]
Nickel joins as base metals slide
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 [...]
Baosteel has burned its fingers on costly nickel hedges
The sharp slip in commodity prices in the recent months has caught many domestic enterprises off guard. Xu Lejiang, president, Baosteel stated: Each ton of stainless steel requires at least 80 kg of nickel. With nickel prices peaking, the steel industry can hardly operate as the cost is too high for us. For full story, [...]
Nickel demand at four year low
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 [...]
G20 leaders’ support promise spurs nickel
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 [...]
No bounce yet if nickel is a guide
As per analysts’ view, nickel which is a leading indicator of demand is always the first commodity to tumble and the first to recover when economies start to tick over again. For full story, click here
Nickel futures are likely to trade bullish
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
More cuts needed to stabilize nickel
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel has kicked off 2009 as the worst performing metal; declining 15 per cent in the first two months of the year, the most among LME traded metals. Inventories are well on their way to rise above 100,000 tonnes, the highest since June 1995. Prices will [...]
