As per CPM Group, nickel will average 6% higher in the fourth quarter than previously forecast after a strike at Vale SA and surged imports by China. For full story, click here
China is estimated to have added 88,000 tonnes of nickel in stocks in the first half of this year, reducing orders for spot imports as surplus supplies weighed on the domestic market, an analyst at Antaike, a state-owned research group. For full story, click here
On June 30th 2009, the Department of Commerce declared its affirmative preliminary determination in the countervailing duty investigation on imports of Ni Resist Piston Inserts from Argentina. For full story, click here
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 [...]
Like copper, China’s nickel imports probably jumped to a record high last month. For full story, click here
US imports of stainless steel declined in June. For full story, click here
Thursday, July 30, 2009