Articles Tagged "inco"

Vale Inco to cut 900 Jobs in Nickel Business

Cia.  Vale do Rio Doce’s Vale Inco unit will eliminate around 900 jobs in its nickel business worldwide after prices for the metal plunged as demand fell. For full story, click here

Nickel flatlines for 2009

By Leia Michele Toovey-Exclusive to Nickel Investing News Nickel prices will most likely be flat, at best, in 2009, according to Robin Bhar, metals analyst for Calyon Credit Agricole CIB, London.  However, nickel premiums are difficult to gauge in a market characterized by a lack of demand, rising stocks and sinking prices. LME nickel prices [...]

Vale Inco agrees to lower Voisey’s Bay output

Vale Inco of Toronto has reached an agreement with the Government of Newfoundland and Labrador to reduce output from the Voisey’s Bay mine to an average annual level of 55,000 tonnes of nickel in concentrate over the next four years. For full story, click here

Nickel futures on the rise

By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures traded higher on India’s Multicommodity Exchange (MCX) today due to increased buying interest. A favourable response to the stimulus packages that will be put in action by the incoming U.S. administration lifted most of the base metals.  On the MCX, Nickel December 2008 contract [...]

Nickel miners scale back

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 [...]

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 Leads as Metals Slide

By Leia Michele Toovey – Exclusive to Nickel Investing News Nickel just cannot shake off its recent title of ‘Worst Performer’ in metals.  Stockpiles, as monitored by the LME, have been increasing long enough for investors to shift blame from a summer lull to waning global demand.  This latest accusation has some basis as data from both Europe and China point [...]

Indonesian government renegotiates with Inco

Indonesian government and PT International Nickel Indonesia are renegotiating royalty on nickel produced by INCO’s subsidiary. Mr MS Marpaung, Coal Development Director, said: Renegotiation is made after Inco secured the extension of its contract last month. For full news, click here