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 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 [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News The price of nickel has been on a downward spiral since it touched a high of US$51,800 per tonne in May 2007. Currently, the metal has been operating in the US$12,400 range, and further declines are expected. Analysts predict that as the financial crisis spreads, nickel could [...]
London nickel futures declined 6 % as base metals gave up gains earlier and headed for their weakest monthly performance in decades. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News The price of nickel used in stainless steel has slumped more than 60 per cent from the beginning of this year and some mining companies have been forced to cut back output or delay projects as prices have fallen below the marginal cost of production. Nickel [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News It is no secret that there has been a big price crash in industrial metal prices this year, and nickel took the biggest hit. But nickel’s poor performance may mean that it will be the first to pull itself out of troubles. We all know that [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News On Monday, LME Nickel was on the upside with prices jumping 5.5 per cent. Nickel was just one of the metals that rallied on Monday, after news that there would be coordinated steps taken outside the US to combat a global recession. Nickel for three-month delivery [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures were bearish in trading on Wednesday on India’s Multi Commodity Exchange, the MCX. Nickel October contract was trading down 3.08 per cent at Rs 665 a kg as compared to its previous closing of Rs 686.10. While it opened at Rs 687.90 in the [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel was down US$350 to US$16,650 at India’s Multi Commodity Exchange, MCX, on Monday.The benchmark September nickel MNKU8 was down 1.27 per cent at Rs 774.5. Nickel October contract was trading down 0.38 per cent at Rs 796.50 a kg. It opened at Rs 810.80 as compared [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News London Metal Exchange (LME) Nickel started the week on a sour note, continuing with the low levels that it had hit at the end of last week. Nickel’s drop came in as stockpiles in warehouses monitored by the LME advanced 378 tonnes to 51,864 tonnes, the highest [...]
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