Tag Archive | "inventories"

Vale Inco has Striked Hitting Nickel Inventories

Saturday, July 25, 2009

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

Eramet has seen global nickel stocks above normal levels

Tuesday, July 14, 2009

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

Wednesday, June 17, 2009

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

Wednesday, March 18, 2009

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

Tuesday, March 17, 2009

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

Friday, March 6, 2009

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

Wednesday, March 4, 2009

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 [...]

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