Sheritt Profit Dipped 70% on weak prices
Sherritt International posted a 70 percent slip in second-quarter profit on Wednesday, hurt by lower nickel, cobalt and oil prices resulting from weakened global industrial demand. For full story, click here
Articles Tagged "industrial"
Sheritt has Posted 70% Net Profit Slipped in Q2
Sherritt International has posted a 70% slipped in second quarter profit, hurt by lower nickel, cobalt and oil prices resulting from weakened global industrial demand. For full story, click here
Smart Recovery in Nickel prices on higher LME Advices
Prices of nickel recovered smartly on the non-ferrous metal market here today due to fresh industrial demand coupled with higher advices from London Metal Exchange. For full story, click here
Smart recovery in Nickel prices on higher LME advices
Prices of nickel recovered smartly on the non-ferrous metal market here today due to fresh industrial demand coupled with higher advices from London Metal Exchange. For full story, click here
BHPB nickel output declare for 9 months ended March, 2009
Nickel output for the 9 months to March 2009 was in line with the corresponding period. Production in the March 2009 quarter was 10% QoQ higher than the March 2008 quarter, which was impacted by an industrial stoppage at Cerro Matoso. For full story, click here
Nickel Miners see a price stabilise around $5/lb
Nickel miners, which have reported to be confronted by the most percentage-damaged industrial metal price since a collapse started in mid-2007, have seen the price stabilise, in a sense, during 2009 so far, around USD 5.00/lb. For full story, click here
Nickel market suffering from oversupply
By Leia Michele Toovey- Exclusive to Nickel Investing News As supply and demand fundamentals have rapidly diverged, nickel has slumped more than 80 per cent from its record $51,800 a tonne price reached in May 2007. Miners have been attempting to bring the split fundamentals into line with production cuts. So far cuts equal to about [...]
New Caledonia’s Congress advocated legislation on nickel mining
New Caledonia’s Congress has advocated several crucial pieces of legislation related to the nickel mining industry, which is regarded as the backbone of the French Pacific territory’s economy. 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, [...]
Growing inventories weigh on nickel
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, [...]
