Vale Inco has Striked Hitting Nickel Inventories
The strike at Vale Inco is beginning to bite” into nickel inventories as per one analyst, prompting a Timmins-area nickel miner to re-activate one of its two dormant mines. For full story, click here
Articles Tagged "inventories"
Eramet has seen global nickel stocks above normal levels
Reuters quoted Mr Patrick Buffet CEO of Eramet as saying that global nickel inventories remain above normal levels, keeping up pressure on the metal’s price. For full story, click here
Nickel joins as base metals slide
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel took part in the base metal’s slide this week; with nickel futures dropping from cash buyer $15,600 per tonne on the LME last Friday, to $14,950 per tonne on Tuesday’s close. The sharp losses in futures values hit all the base metals as another round [...]
More nickel output cuts needed to erode surplus
Nickel prices may drop further if producers do not make more cutbacks as a demand recovery is unlikely before the end of the year and inventories will continue to build at a fast clip. Gayle Berry, an analyst at Barclays Capital, said: If we want to balance the market we need more cutbacks. For full [...]
Nickel prices up
Nickel prices climbed to a whopping 5.7% on the LME despite a rise in inventories. For full story, click here
LME Inventories piled up with Nickel stocks
LME inventories of nickel surged by 5,262 tonnes during January, to reach 84,078 tonnes by month-end. Although nickel prices over the course of January did not return to the lows witnessed in December, they kept to relatively low levels throughout. For full story. click here
More cuts needed to stabilize nickel
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel has kicked off 2009 as the worst performing metal; declining 15 per cent in the first two months of the year, the most among LME traded metals. Inventories are well on their way to rise above 100,000 tonnes, the highest since June 1995. Prices will [...]
