Talvivaara Mining , the Finnish-based, U.K.-listed miner, declared that it’s selling 22.28 million shares to existing and new institutional investors, which represents about 10% of its shareholder capital. For full story, click here
J.P. Morgan on Thursday initiated coverage of Russian miner Norilsk Nickel with an overweight rating, in a note to investors. For full story, click here
Mirabela Nickel Limited declared the placement of 5 million shares to institutional investors at A$2.15 each to raise A$10.75 million. For full story, click here
Ji Lin Ji En Nickel Industry Co Ltd., a China-based nickel products manufacturer and seller, yesterday declared that it will issue up to 60 million shares to up to 10 investors. For full story, click here
The strong rally in Australia’s mid-cap nickel miners since last week is a case of investors returning to less liquid and oversold stocks and not a reaction to the recent surge in the nickel prices where fundamentals are still poor. Peter Harold, managing director of Panoramic Resources, stated: Many of these stocks were sold down [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News London Metal Exchange (LME) Nickel started the week on a sour note, continuing with the low levels that it had hit at the end of last week. Nickel’s drop came in as stockpiles in warehouses monitored by the LME advanced 378 tonnes to 51,864 tonnes, the highest [...]
By Leia Michele Toovey-Exclusive to Nickel Investing News In most of 2008, nickel prices have taken a battering, as a weakening US currency, steeply rising prices of oil and gold, and shrinking stainless steel demand have extended losses. LME nickel prices started their rapid descent in July 2008. From beginning to mid August, prices rested in the [...]
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 Nickel just cannot shake off its recent title of ‘Worst Performer’ in metals. Stockpiles, as monitored by the LME, have been increasing long enough for investors to shift blame from a summer lull to waning global demand. This latest accusation has some basis as data from both Europe and China point [...]
Cameroon is attracting the attention of new companies due to its rich deposit of minerals like Nickel, Uranium, Cobalt, bauxite and iron ore. For full story, click here
Tuesday, June 2, 2009