The combination of very poor demand and insufficient production cuts are expected to pull the nickel market into a material surplus of 36kt this year has prompted BMO Capital Markets to slash nickel price forecasts by 20% to $4.60/lb this year and by 21% to $5.50/lb in 2010. BMO Capital Markets Global Commodity Strategist Bart [...]
Japan Oil, Gas & Metals National Corporation held a meeting to report about the present situation and an outlook concerning minerals and metals with major focus on the world demand for nickel. For full story, click here
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
GFMS Metal Consulting has forecasted that global nickel demand must be boosted late this year by improved stainless stain production, a tighter scrap market and a slight recovery in the austenitic steel ratio. For full story, click here
Nickel prices may drop further if producers do not make more cutbacks as a demand recovery is unlikely before the end of the year and inventories will continue to build at a fast clip. Gayle Berry, an analyst at Barclays Capital, said: If we want to balance the market we need more cutbacks. For full [...]
Prices of nickel moved down moderately on the non-ferrous metal market here today due to lack of demand from industrial users. For full story, click here
Base metals may rise up to 7 per cent in the short term on speculation that the stimulus packages proposed by the governments of the US and China will revive growth and boost demand for industrial commodities. for full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices entered the New Year with upward momentum, as the annual commodity index rebalancing was positive for the base metals. Now, it is one month into the year and the gains have halted. London Metal Exchange three-month nickel closed Friday at US$11,150 a metric tonne, [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Under the weight of high inventories, nickel is anticipated to be one of the slowest industrial metals to rebound. LME stocks of nickel are at their highest since around mid-1995. The world refined nickel market was in surplus by 42,900 metric tonnes in January-November of 2008, [...]
Base Metals like other commodities were also on a rollercoaster ride in the last year. Strong growth shown by China, major consumer of base metals, led to sharp rise in nickel till the mid of the year 2008. For full story, click here
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