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
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
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 [...]
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 [...]
Get our independent commentary on nickel trends and companies delivered to your inbox.
