Indonesia’s state-owned miner, PT Aneka Tambang Tbk reported decline in its second-quarter sales by 5 percent due to lower nickel prices and a fall in output due to maintenance at one of its smelters. For full story, click here
Continue reading "Antam’s Q2 sales declines 5 pct"
Tuesday, July 29, 2008
Nickel is poised for the biggest weekly decline in London since march as stainless-steel mills are saying that demand is declining. For full news, click here
Continue reading "Nickel poised for biggest weekly drop"
Friday, July 25, 2008
By Leia Michele Toovey – Exclusive to Nickel Investing News Thursday nickel prices fell 6 percent after stainless steel producer Outokumpu said it expected delivery volumes in the third quarter to fall, and expressed concern over next year’s numbers. London Metal Exchange nickel shrunk 2.1 percent at mid-session to hit a low of $18,400 per [...]
Continue reading "Nickel Rocks Back and Forth, Continues Downward Trend"
Tuesday, July 22, 2008
India’s largest stainless steel producer, Jindal Stainless, commented that nickel prices can fall further due to decline in purchases made by steekmakers. Arvind Parakh, a director at the New Delhi-based company, said: Nickel will average between $20,000 and $25,000 a metric ton this year compared with an average $37,089 a ton last year. For full story, click [...]
Continue reading "Nickel prices to decline due to low purchases by steelmakers"
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Monday, August 4, 2008