Nickel reported to join the rally in base metals
Nickel, the laggard in last one month’s base metal rally seemed to have joined the lead of copper and lead with a gain of 17% in last ten days. For full story, click here
Articles Tagged "gain"
Mirabela Nickel up by 1.4 percent
Mirabela Nickel Ltd., the world’s third-largest open-pit nickel mine in Brazil, gained in Sydney after announcing that it will sell shares and secure loans to raise $310 million. The company’s shares surged 1.4 percent to A$1.45 at the close of trading. For full story, click here
Lack of purchases halt nickel
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices entered the New Year with upward momentum, as the annual commodity index rebalancing was positive for the base metals. Now, it is one month into the year and the gains have halted. London Metal Exchange three-month nickel closed Friday at US$11,150 a metric tonne, [...]
Nickel gained 5 percent
Most of the Base metals witnessed slight bounce back from last week’s lows with wide directional divergence seen as individual metals reacted differently to short-term influences as the last full week of 2008 ended on a volatile note. Nickel gained 5 percent as the news of immediate financial aid to the US auto industry helped. [...]
Nickel moves up more than 13 %, later trims gains
Nickel moved up more than 13 per cent but trimmed gains as analysts said the upward stroke is not likely to be enough to change the short-term bearish demand outlook. Barclays Capital analyst Gayle Berry, said: We have seen that over the past couple of weeks where the gains from short covering have been really quite substantial and that [...]
