Nickel Futures Down on Weak Global Cues
Economic Times reports Nickel futures prices moved down by 0.24 per cent in futures trade today.
Articles Tagged "exchange nickel"
Nickel Futures up on Spot Demand
Economic Times reports that at the London Metal Exchange, nickel climbed 1.6 per cent to $28,300 per tonne.
Nickel demand at four year low
By Leia Michele Toovey- Exclusive to Nickel Investing News Demand for nickel scrap lost its luster among offshore buyers in January, sinking to its lowest level in more than three years. Nickel prices have rallied as much as 14 per cent since the start of the month, but are likely to remain volatile. Analysts predict [...]
Growing inventories weigh on nickel
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, [...]
Has nickel bottomed?
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 [...]
Mining giants feel the pinch
By Leia Michele Toovey- Exclusive to Nickel Investing News The mining giants that feed the world’s appetite for iron, copper and other industry staples earned piles of money as commodities prices soared the past. Now, they are facing a much different situation. Across the board metals prices have plunged. Right now on the London Metal [...]
Weak nickel demand expected to extend through 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel has witnessed a year of poor performance, with a decline in stainless steel demand to blame. Towards the end of last week, though, things started looking up for nickel and the commodities in general, as buoyant metal prices sparked a strong rally in mining shares. The market responded [...]
Nickel Rocks Back and Forth, Continues Downward Trend
By Leia Michele Toovey – Exclusive to Nickel Investing News Thursday nickel prices fell 6 percent after stainless steel producer Outokumpu said it expected delivery volumes in the third quarter to fall, and expressed concern over next year’s numbers. London Metal Exchange nickel shrunk 2.1 percent at mid-session to hit a low of $18,400 per [...]
