According to the statistics concerning nonferrous metals compiled and released by the Ministry of Economy, Trade & Industry of Japan, the total quantity of nickel metal consumed by the industries of Japan in the first quarter of 2009 came to 5,920 tonnes, slip by 58.4% YoY as compared with that of 14,238 tonnes in the [...]
Brazilian miner Vale declared that its profits have dipped 33 percent in the first quarter as the global economic slump has reduced demand for iron ore, nickel, aluminum and other metals. For full story, click here
Nickel futures rose by 2.57 per cent in afternoon trade on the Multi Commodity Exchange today largely on a firming global trend following reports of a positive economic data from China and the US. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel’s plummet from all time highs may actually work out in the end to benefit the metal. The hunt for effective substitutes for nickel in making stainless steel may have slowed down after nickel prices tumbled around 80 per cent in less than two years. While [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News As supply and demand fundamentals have rapidly diverged, nickel has slumped more than 80 per cent from its record $51,800 a tonne price reached in May 2007. Miners have been attempting to bring the split fundamentals into line with production cuts. So far cuts equal to about [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel has kicked off 2009 as the worst performing metal; declining 15 per cent in the first two months of the year, the most among LME traded metals. Inventories are well on their way to rise above 100,000 tonnes, the highest since June 1995. Prices will [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices plunged 59 per cent last year, as demand around the globe collapsed. For the nickel market to improve in 2009, two key events need to transpire. First off, demand from steelmakers needs to improve, and secondly, China’s economy needs to grow. Currently, steelmakers are [...]
By Leia Michele Toovey-Exclusive to Nickel Investing News Nickel was one of the worst performing commodities last year, sinking from more than US $33,000 a tonne in March to below US $9,000 in October due to lower demand from steel makers. Late in the year, the industry was hit with a bunch of cutbacks- cutbacks [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News The global economic slowdown has impacted the stainless steel market, which has in turn curbed demand for nickel. Now, nickel market participants are struggling to stay afloat. The price of nickel used in stainless steel has slumped more than 60 per cent this year, and many [...]
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. [...]
Get our independent commentary on nickel trends and companies delivered to your inbox.
