ABB, the global automation technology group declared that it was recently awarded a three-year service contract worth approximately $19 million, by Vale Inco Nouvelle Caledonie. For full story, click here
Continue reading "Vale Inco’s Goro Nickel Plant Automation Contract has won by ABB"
Monday, April 20, 2009
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 [...]
Continue reading "Nickel demand at four year low"
Wednesday, April 15, 2009
Nickel futures have shown positive sentiment at the MCX today. The Nickel April contract was seen trading up by 2.45%. For full story, click here
Continue reading "Nickel futures have traded positive"
Wednesday, April 15, 2009
Unionized workers at Vale Inco’s Voisey’s Bay nickel mine in eastern Canada are reported to be into their seventh week of working without a new contract as the company negotiates with the United Steelworkers union. For full story, click here
Continue reading "Vale Inco’s Bay Labor talks have dragged on"
Wednesday, March 25, 2009
By Leia Michele Toovey- Exclusive to Nickel Investing News As supply and demand fundamentals have rapidly diverged, nickel has slumped more than 80 per cent from its record $51,800 a tonne price reached in May 2007. Miners have been attempting to bring the split fundamentals into line with production cuts. So far cuts equal to about [...]
Continue reading "Nickel market suffering from oversupply"
Wednesday, March 11, 2009
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices have slumped over 80 per cent to about $9,850 a tonne since reaching a record high of $51,800 in May 2007. Many nickel enterprises have already chosen to suspend production on account of low prices, but these output cuts have failed to keep pace [...]
Continue reading "Nickel’s near term outlook bleak"
Wednesday, February 25, 2009
By Leia Michele Toovey-Exclusive to Nickel Investing News Nickel prices will most likely be flat, at best, in 2009, according to Robin Bhar, metals analyst for Calyon Credit Agricole CIB, London. However, nickel premiums are difficult to gauge in a market characterized by a lack of demand, rising stocks and sinking prices. LME nickel prices [...]
Continue reading "Nickel flatlines for 2009"
Monday, February 9, 2009
Nickel March 9 contract rose by 0.96 per cent to Rs 565.40 per kg, For full story, click here
Continue reading "Nickel March 9 contract rose"
Wednesday, December 17, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News This week, the base metals have remained range bound, waiting for cues from OPEC Decision, and the conclusion for the proposed auto bailout. After the Federal Reserve issued yet another rate cut that sent the dollar reeling, the base metals were steady. On India’s Multi Commodities Exchange [...]
Continue reading "Rate cut has minimal influence on nickel"
Thursday, November 6, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News The price of nickel has been on a downward spiral since it touched a high of US$51,800 per tonne in May 2007. Currently, the metal has been operating in the US$12,400 range, and further declines are expected. Analysts predict that as the financial crisis spreads, nickel could [...]
Continue reading "Further downside expected for nickel"
For upcoming nickel investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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Thursday, July 16, 2009