Articles Tagged "iron ore"

Stainless steel manufacturers using less nickel

By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel was down US$350 to US$16,650 at India’s Multi Commodity Exchange, MCX, on Monday.The benchmark September nickel MNKU8 was down 1.27 per cent at Rs 774.5. Nickel October contract was trading down 0.38 per cent at Rs 796.50 a kg. It opened at Rs 810.80 as compared [...]

Analysts optimistic about nickel’s future

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 [...]

Nickel Leads as Metals Slide

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 [...]