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 [...]
By Leia Michele Toovey Exclusive to Nickel Investing News The nickel market collapsed in the fourth quarter of 2008, following a swift decline in stainless steel production. The stainless steel sector accounts for nearly two-thirds of global nickel demand. According to the International Stainless Steel Federation (ISSF), stainless steel output slumped 30 per cent year [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices have slumped over 80 per cent to about $9,850 a tonne since reaching a record high of $51,800 in May 2007. Many nickel enterprises have already chosen to suspend production on account of low prices, but these output cuts have failed to keep pace [...]
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