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 [...]
Continue reading "Nickel demand at four year low"
Tuesday, April 7, 2009
Demand for nickel scrap has lowered among offshore buyers in January, sinking to its lowest level in more than three years. For full story, click here
Continue reading "Nickel exports sunk to 43-month low"
Thursday, January 29, 2009
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 [...]
Continue reading "Cutbacks make way for nickel boom"
Wednesday, January 21, 2009
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, [...]
Continue reading "Growing inventories weigh on nickel"
Wednesday, November 12, 2008
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. [...]
Continue reading "China’s stimulus package gives nickel short-term relief"
Wednesday, October 8, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel has been on a downward trend for the past few months, but this week the metal used in stainless steel jumped on speculation that slowing global economies will further cut demand. Many nickel miners are taking on new business strategies to cope with the price [...]
Continue reading "Companies restrategize to cope with dropping nickel"
Sunday, September 14, 2008
Zambia’s only nickel mine is stockpiling nickel and cobalt concentrate to export to China before the end of the year. Australia’s Albidon Ltd., which owns the Munali Nickel Mine in southern Zambia, said: The mine, which started underground ore production in January, has so far stockpiled 134,662 tonnes of ore. For full story, click here For [...]
Continue reading "Zambia’s Munali Nickel mine to start exports before year end"
Thursday, July 31, 2008
By Leia Michele Toovey – Exclusive to Nickel Investing News Nickel posted a slight gain this week, with three-month nickel adding $270 to hit $18,320 a tonne. This is a modest rise, as nickel prices have plummeted this year due to weak demand from stainless steel makers. The inching up of prices was possibly promoted by the [...]
Continue reading "Nickel Shows a Glimmer of Hope"
Friday, July 25, 2008
Philippines based MCCI Corp. plans to ramp up Ferro Nickel exports from next year after completing the upgradation of its plants in the Visayas and Mindanao southern regions. The company said in a statement that: It expected to export as much as P25 billion worth of ferronickel in the five-year period starting 2009. For full [...]
Continue reading "MCCI plans to ramp up Ferro Nickel exports"
For upcoming nickel investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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Monday, April 20, 2009