By Kishori Krishnan Exclusive To Nickel Investing News A crisis of sorts appears to be playing out in Australia, which is the third largest nickel producer, after Canada and Russia. Mining experts have woken up to the fact that Australia needs to protect against potential loss of market overseas. “Two years ago, we had nickel [...]
European Nickel has taken another step towards full commercial output at the Caldag Nickel-Cobalt Laterite Project in Turkey today. The company confirmed that it had completed a US$3.7 million payment, which included a one-off forestry fee. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing NewsAt last week’s G20 summit, world leaders gathered and pledged their support to take bold steps to lift the global economy. The summit’s host- UK Prime Minister Gordon Brown claimed the meeting marked the emergence of “A New World Order.” Together the leaders unveiled a $1,100 bn [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News The sharp retreat in the price of nickel in 2008 as demand from the key stainless steel sector plummeted has forced several producers to curb output or defer projects. So far, in 2008, and extending into 2009, mines in Australia, Canada, Finland, Africa and Asia have [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News The global economic slowdown has impacted the stainless steel market, which has in turn curbed demand for nickel. Now, nickel market participants are struggling to stay afloat. The price of nickel used in stainless steel has slumped more than 60 per cent this year, and many [...]
BHP Billiton’s Ravensthorpe laterite development could struggle to turn a profit at full capacity if nickel prices continue to decline. BHP’s Chief financial officer Alex Vanselow said: The mine and complex processing plant in the south of Western Australia, which was due to hit full production in 2010, would not necessarily make an acceptable profit [...]
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