Articles Tagged "earnings"

Nickel onboard for a base metal rally

By Leia Michele Toovey- Exclusive to Nickel Investing News On Monday, Nickel prices extended last week’s rally; as positive manufacturing data out of China, the world’s third largest economy lifted the base metals. Extra impetus came as the weakening greenback made nickel more economical for holders of other currencies. Many analysts are still trigger shy [...]

Lack of purchases halt nickel

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, [...]

China’s stimulus package gives nickel short-term relief

By Leia Michele Toovey- Exclusive to Nickel Investing News The industrial metals experienced an early week price lift backed by stock market momentum from China’s stimulus plan. Further impetus to the metals came by way of a pledge by the G20 group to take all necessary measures to get financial markets back on their feet. [...]

Norilsk net profit declines

Norilsk Nickel’s net profit fell by a 3rd in the first half of 2008 as the miner surrendered to growing inflation in Russia and a 40 percent fall in Nickel prices. Dmitry Smolin, mining analyst at UralSib Financial Corp., said: In the falling commodity price environment, we don’t expect Norilsk stock to recover to its [...]