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 [...]
Nickel prices could drop another 25 per cent by the end of this year, unless orders from stainless steel producers in Europe increases in the next two to three weeks, industry sources and analysts reported. Wright was quoted as saying: If demand from the stainless steel mills does not pick up in the fourth quarter, [...]
Reuters reported that, Nickel prices may fall another 25 percent by the end of this year, unless orders from stainless steel producers in Europe increase in the next two to three weeks. Wright was quoted as saying: If demand from the stainless steel mills does not pick up in the fourth quarter, we could see [...]
Poor stainless steel demand, slow seasonal demand and weak market sentiments has been cited as the reason behind by falling Nickel premiums in Europe, as told by market participants to Metalbulletin.com For accessing this news, visit this link
Nickel is high lustre, silver-white coloured material that early civilizations confused with silver. Unlike “fools gold” this imposter is in no way worthless. The element has valuable applications that have enabled it to carve its own niche in the precious metals market. Nickel is primarily used as a refined metal with two thirds of global [...]
Wednesday, January 14, 2009