Nickel fell to $9,470 a tonne
Base metals plunged as LME inventory continued piling up. Nickel fell to $9,470 a tonne. For full story, click here
Articles Tagged "demand"
Potential nickel output losses in 2009
Sharp falls in nickel prices and demand from the key stainless steel sector have forced several producers. For full story, click here
Nickel miners and contractors face a bleak Christmas
Nickel miners and contractors face a bleak Christmas with many mines being closed by the end of 2008. For full story, click here
Norilsk Nickel may cut overseas production
Russian mining company Norilsk Nickel may temporarily close down some of its overseas units amid a global slowdown for commodities. For full story, click here
Nickel traded at $10,000
Rise in warehouse stocks and concerns over future demand for industrial metals capped any major advances. Nickel traded at $10,000 from $10,300 on Thursday. For full story, click here
Nickel moves up more than 13 %, later trims gains
Nickel moved up more than 13 per cent but trimmed gains as analysts said the upward stroke is not likely to be enough to change the short-term bearish demand outlook. Barclays Capital analyst Gayle Berry, said: We have seen that over the past couple of weeks where the gains from short covering have been really quite substantial and that [...]
Nickel rallied more than 13 %
Almost all industrial metals were higher, on hopes that China’s $855 bn economic stimulus plan will increase demand. Nickel rallied more than 13 per cent For full story, click here
Nickel declined 7.3 % to a low of $11,405
Prices of nickel has fallen between 40-55 per cent so far in 2008 on reduced demand. Nickel declined 7.3 % to a low of $US11,405 against previous session’s $US12,300. For full story, click here
Nickel declines on demand concerns
Nickel touched an intra-day low of $11,950 but shoot up to $12,150 versus $13,640. For full story, click here
LME nickel stockpiles rise to highest levels since 1999
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel companies are struggling to cope with dropping metal prices. On Wednesday, nickel prices were hammered again in a broader sell off triggered by demand worries. Nickel prices sunk as low as $10,000 per tonne by mid day after closing Tuesday at $10,700 per tonne on [...]
