By Leia Michele Toovey- Exclusive to Nickel Investing News Xstrata, the world’s fourth-largest producer of nickel, has suspended production at its plant in the Dominican Republic. This announcement led to supply concerns. The resultant speculative buying caused nickel futures to surge 1.23 per cent on India’s Multi-Commodity Exchange, the MCX, on Monday. The most-active October contract [...]
By Leia Michele Toovey – Exclusive to Nickel Investing News Thursday nickel prices fell 6 percent after stainless steel producer Outokumpu said it expected delivery volumes in the third quarter to fall, and expressed concern over next year’s numbers. London Metal Exchange nickel shrunk 2.1 percent at mid-session to hit a low of $18,400 per [...]
By Leia Michele Toovey – Exclusive to Nickel Investing News Nickel tumbled this week, to the lowest level since July 2006. On Wednesday, nickel closed at $20,000 per tonne on the London Metal Exchange. On India’s Multi Commodity exchange, August nickel was down 0.54% at Rs 885.6 per kg with a business volume of 64 [...]
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